We are recommending placing a put credit spread on ACI at the opening, if we
can get filled. After yesterday's roller coaster up and down day with this stock
and the projected higher opening on wall street today, I do not want to have the
stock run up again, like yesterday and this time not retreat. We are recommending
the following trade on ACI. This spread should not require any additional margin
requirement with the right broker.
The spread is $0.47 pre-opening, however I put in a limit of at least $0.40,
so if you can get anything over $0.40 on the opening take it, if not
hopefully it may give you a chance later in the day.
Sorry for the late notice, but this one just became a concern yesterday.
ACI put credit spread below.