ACTION:
Buy to open the SIX November 50 puts (SIX161118P00050000) for a maximum price of $1.50.
Dear Momentum Options Subscriber,
I have a New Trade that I want us to get into this morning on a stock that is showing red flags.
Six Flags Entertainment (SIX, $50.80, down $0.95)
Buy to open the SIX November 50 puts (SIX161118P00050000) for a maximum price of $1.50.
Action: I like these put options at current levels, and you can use a Limit Order up to $1.50 to get the best fills.
These are the regular monthly options that expire on Nov. 18. I will provide the parameters of the trade in today’s Mid-Market Update.
I hereby disclose that I will be participating in the aforementioned trade(s).
Trade on!
Rick Rouse
Editor and Chief Options Strategist
Momentum Options