Yesterday I published my reasons to initiate a bearish trade at $381.00.
Today it hit that target. I purchased May 2014 $360 PUT at $11.00.
This PUT options are now trading at $14.45.
Stock price is still above the support line. Expecting it to break the support line in a day or two.
Today it hit that target. I purchased May 2014 $360 PUT at $11.00.
This PUT options are now trading at $14.45.
Stock price is still above the support line. Expecting it to break the support line in a day or two.