Ramie 10:30 am on Friday, March 2, 2018

WHR July

Adding to put ladder. Sold $WHR Jul 20 120 put @ 1.60.
Put ladder is now:
Apr 120
Jun 130
Jul 120
Sep 115

MikeL 11:40 am on Friday, March 2, 2018

The chart looks a bit choppy. It is at the bottom of the range, but making lower lows. What do you see for this stock?
- Ramie 11:49 am on Friday, March 2, 2018
  
  I agree with your analysis that it is near the bottom of the range and going a bit lower. I’m not looking to buy it here though. My obligations would begin if the stock finished below 130 in June (around 18% lower than it is now and a level it hasn’t been in 2 years). My next strikes (120 and 115) would correspond to levels from 4-5 years ago. That is a place I would consider buying.

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