Option Investor

March Option Writer Portfolio

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SLB - Schlumberger has come off of its lows today. The higher lows have established a trendline that is currently at 75. Sell the March 75 Put with a target of 0.60.

This trade is to be done only if you have the short March 95 Call. The position size should be the same or less than the short call position. As of now, the stop level is set at 77.


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