Option Investor

ENZ position

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ENZ status

It looks like we might have to close out our ENZ JULY 12.5 put today, as it looks like the down side action of the market is carrying the day. Please be advised, as per yesterday's post regarding ENZ. If nearing the last few minutes of the market close today, you should plan to close out the ENZ put, if ENZ is less then $12.45, unless you desire to own the stock. ( some subcribers might desire to)

If market should reverse itself during the last 1 hour and 15 minutes and ENZ closes above $12.45, you need do nothing, as the option will expire. Currently, however; we need to be prepared to close out the ENZ near the close if below $12.45 as it is currently.

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