An @optioniceman #FallingKnife trade from 5/8.
Bought to close $WBA Jul 20 57.50 puts @ .o8. Sold for 1.26.
$APA – Bought to close APA 07/20/2018 30.00 Put @ 0.01.
Minimum value and out a month early.
Originally sold at 1.62 as a #FallingKnife trade.
RHT is down about 12% in after-hours trading.
MED down 12%
STMP down 10%
TUP down 9%
SHOP had a pullback of 4%
$SBUX – largest decliner in the SP500 this morning – too early for a #FallingKnife Put? Ideas?
The 5 year chart shows several years of only sideways movement
#shortputs #postearnings #fallingknife ORCL
Sold July 20, 42.50 put for .65, down about 3.00 to 43.60
Possible #FallingKnife candidates: GD, CMI, SWK
Sold $MGM Dec 21 25 puts @ .78