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Strategies & Market Trends : Option Strategies

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To: Thehammer who wrote (2200)10/20/2020 11:06:08 AM
From: robert b furman1 Recommendation

Recommended By
renovator

  Read Replies (1) of 2591
 
Hi Hammer,

Just one I'm watching, like a vulture on a dead tree (smile),

The last time IBM hit 116 ish I sold $95.00 puts out 46 days for 86 cents (left some money on the table- it got to $1.17 a) when IBM touched 115.20 on 07/09/2020).

IBM's low is $90.56 on 3/23/2020. With their big dividend $6.52 that's a bargain in how I look at it.

December 20 $95.00 puts are 59 days out and selling bid/ask @ .43 to .50. Looking for some more premium for a quick trade if it gets there.

They have announced the spin off of their infrastructure division so maybe debt and timing is the issue?

A good trade at $1.00 to $1.25 on the $95.00 Dec 20 puts.

Bob
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