NVL close below $22.50 forces us to close out NVL-QX position for a NET DEBIT of $0.75
All subcribers who did not close out position on NVL close below $22.50 should close out their position tomorrow. Subcribers should be able to close out for $0.70 on the opening tomorrow ( the close shows $0.60 X $0.70 bid-ask )
When it rains, it pours. The media takes the same issues that existed in the market yesterday and yesterday puts them on page two. Today they take the higher gold and oil prices and inflation ( which were the issues I am referring to from yestereday), but today they put them on page \.
We close out the NVL position with a net $0.40 loss. Life goes on.
SELL NVL MAY SYM: NVL-QX
Target Price $30.00 22.5 Put
Potential Profit(10 x = $300.00
Initial Margin $5,102 10 (contracts)
Return on Investment 5.88%
Cost Basis in Stock = $22.20
Days to Expiration = 24
Stock goes on Watch List Price at: $24.00 not $24.50
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $22.50