Second of all the charts are showing that it is nearing a top. So what I am going to do is put out an exploritory put that I am willing to double down on at a later date.
The stock is going to report in mid feb and the last time it reported there was a serious drop in the stock. In case it does the 2 week run up to the earnings date, I will place other puts as the stock continues to climb. I dont think things will go well after earnings, in fact, Im banking on it. Below is my in:
WMT Feb 2016 62.500 put (WMT160219P00062500)
-OPR Watchlist
1.24
0.04(3.33%) 1:51PM EST
| Prev Close: | 1.20 |
|---|---|
| Open: | 1.12 |
| Bid: | 1.32 |
| Ask: | 1.34 |
| Strike: | 62.50 |
| Expire Date: | 19-Feb-16 |
| Day's Range: | 1.10 - 1.27 |
|---|---|
| Contract Range: | N/A - N/A |
| Volume: | 124 |
| Open Interest: | 3,309 |
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