WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 152.20

-3.7%

Nov 4 3:59 PM EST

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To: clean86 who wrote (60268)	5/16/2016 8:54:42 PM
From: david1951	of 60323

204 put contracts on WDC sold today at a strike price of $25 for next October, selling for $1.22 - $$1.24. The buyers of these puts are worried that the stock could drop well below $25!and are willing to pay the insurance premium, $1.22, that will allow them to force someone else to buy it from them at $25. I think there is probably concern about WDC cutting the dividend. Holding my WDC shares for now. If it drops I would probably consider selling cash secured puts for October at $25, before I would buy more shares outright. WDC has to stablize before I consider buying more shares.

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