Disclaimer

By browsing and reading content, links, feeds, email notifications, or any other information or service provided on this site, you agree to the
Terms and Conditions of Use

Search This Blog

September 23, 2013

$GMCR Weekly Trade

This post is delayed, real time alerts available to Premium Members Only

  • Strategy: Bull Put Spread
  • Underlying: GMCR
  • Trade: SELL -1 VERTICAL GMCR 100 (Weeklys) OCT2 13 70/65 PUT @.35 LMT
  • Trade Price: .35¢ credit per spread
  • Margin: $4.65 per spread
  • Return on Risk: 7.52%
  • DTE: 18
GMCR is down over 6% today and is currently under 50 day moving average. It has traded several times under 50d SMA and was able to find buyers. We're thinking this down move might be stretched and we should see buyers step in. To limit our downside we're going to use 74 level as potential stop, so risking about $50 to make $35 per spread.