We've been bidding 7.60 for a September ___ put, predicated on a rally to ____, a Hidden Pivot target. The option price looks about right, since it was trading for 9.70 when the stock peaked the other day at 379.10. Since my DJIA projection implies another rally leg for the market, we should continue to bid for the put.
GOOG – Google (Last:359.40)
– Posted in: Current Touts Free Rick's PicksFor educational purposes, and to make a little money, we'll attempt to leg into a far-out-of-the-money calendar spread -- the September 260-May 260 put spread. A single spread has the potential to produce a profit of as much as $4,000 between now and September, but if we play our cards right our risk could be no more than a tenth that.
