Selling puts on bad days

Bad days in the market (like today) offer the perfect environment for selling put options. That’s when you get the best prices for committing in advance to buying stocks at good entry points. Here are several companies that Paul Price has been selling puts on that look interesting to me: WSM, PII, GILD and RBC.

Examples – all these stocks sold off today:

Screen Shot 2016-06-10 at 4.45.36 PM

WSM

52.50
WSM170120P00052500
Bid
6.30
Ask
6.70

 

PII

85.00
PII161216P00085000
9.30
10.80

 

RBC

60.00
RBC161118P00060000
5.80
6.30

 

GILD

85.00
GILD170120P00085000
8.30
8.40

 

 

 

Disclaimer: This is not trading advice. The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. Market Shadows does not warrant its completeness, accuracy or adequacy and it should not be relied upon. Market Shadows is not responsible for any errors or omissions or for results obtained from the use of this information. Market Shadows is not a registered financial adviser. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

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