- Number of messages : 636
Points : 4209
Date of Entry : 2013-01-29
Year : 50
Residence Country : Beograd
on Mon Feb 06, 2017 3:17 pm
Diamond Offshore Drilling, Inc. (DO), $17.06
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Trade: We recommend selling 10 Mar $15 puts (38 DTE) at $.33/share or better. Note: Holding over earnings (2/6) is higher risk but we like the stock long term.
Strategy: Pull back to major support daily and weekly with bullish bottoming tail on the weekly chart.
Max Gain: Credit received of $330.
Max Loss: Cost basis will be $14.67/share if assigned.
Stop Loss: $14.88 (but if gaps below on earnings, give 30-Min. low stop).
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