- Number of messages : 509
Points : 3202
Date of Entry : 2015-06-28
Year : 36
Residence Country : Russia
Mon Jan 23, 2017 1:29 pm
Daily chart of Simon Property Group, Inc. (SPG), $184.53.[You must be registered and logged in to see this image.]
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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