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Number of messages : 386
Points : 1896
Date of Entry : 2015-06-28
Year : 33

Simon Property Group, Inc. (SPG)

on Mon 23 Jan 2017 - 13:29
Daily chart of Simon Property Group, Inc. (SPG), $184.53.
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Trade:  We recommend selling 10 Feb $170 puts (24 DTE) for a net credit of $1,000 or better (closed at$.97 x 1.02).  Note:   Higher risk since earnings 1/31/17.

Strategy:  Bullish consolidation daily and weekly after –BBF and major support on the monthly charts.
Max Gain:   $1,000 credit received.
Max Loss:  Cost basis is $169/share if assigned (8.4% cushion), but will be less with stop posted.
Stop Loss:  $172.88

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