11:20am
We have more smoking profits today as we wind down another huge week.
The put option trade is showing a double-digit gain but we are in the May chain which expires next Friday. The time premiums will get whacked over the weekend so we are going to lock-in profits now. However, we are also opening another NEW TRADE to play a continued downside move in the stock.
This is known as a “rollover” trade so let’s go do a dog trick.
Subscribers, check the Members Area for the details.
Also, we will be posting the midday update a little later than usual but it will be out by 2pm. We want to give you the latest updates we can before the close as we continue to monitor the incredible profits we are making.
