Option Investor

Update on TIV

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TIV-TV Aug 12.5 put

TIV closed at $10 on Thursday and bounced right off of $10 at the opening on Friday.
We are playing it close. But as the last commentary says we will hold on as long as TIV does not break $10 support. We are watching this play very closely, any break below $10 on an inter-day basis or close and we will close out the spread position for $2.65 Debit or a net loss of $2.05. Once again, Let's watch closely to see if TIV can hold support at $10,
We will continue to monitor closely

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