Adjustments and Comments on Open Advisory Letter Trades (Note: We are only reporting current adjustments).
APA – We recommend selling 10 Apr $49 naked puts at a limit of around $.40/share (trading $.31 now but extended and was $.53 this morning, so looking for price improvement on a pull back). No fill, cancel for now, not enough premium.
FCX – Sold 10 Apr $12 naked puts for $.15/share. Stop Loss: $12.44.
MU – Sold 10 Apr $30/33 bear call spread for $.40/share. Mid-point to close is $.26/share so move stop loss break even.
AMAT – Sold 10 Apr $40/42 bear call spread for $.37/share. Mid-point to close is $.26/share so move stop loss break even.
WFT – Sold 10 Apr $6 naked puts spread for $.19/share. Currently trading $.08 x .09. Let’s close here for $100 gain (50% of Max Gain) since market questionable.
Happy trading! If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby at Dan@mastertrader.com
All the best,
Greg Capra
Managing Director and Pristine Founder
Dan Gibby
Chief Options Strategist
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Twitter: @GregCapra
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