- Number of messages : 636
Points : 4455
Date of Entry : 2013-01-29
Year : 50
Residence Country : Beograd
Wed Feb 15, 2017 2:30 pm
Valeant Pharmaceuticals International, Inc. (VRX), $15.98.
[You must be registered and logged in to see this image.]
Trade: We recommend selling 10 Apr $12.5/7.5 bull put spread (65 DTE) at around $.49/share (closing mid-point). Note: Holding over 2/28 earnings is higher risk.
Strategy: Breakout daily after bullish retest, bottoming action weekly chart after nasty retracement from highs of over $260.
Max Gain: Credit received.
ROI: 10.8% ($490/$4,510 max risk).
Max Loss: Spread less premium received.
Stop Loss: $12.88.
Permissions in this forum:You cannot reply to topics in this forum