NEW DIRECTIONAL PUT PLAYS
Rockwell Automation - ROK - close: 68.77 change: -1.14
Stop Loss: 70.10
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below
Why We Like It:
ROK is an industrial goods company. The stock has been struggling with a bearish trend of lower highs since the mid August peak. Now shares are starting to accelerate lower and ROK is testing its early September low.
I am suggesting a trigger to buy puts at $67.90. If triggered our target is $63.00.
Trigger @ 67.90
- Suggested Positions -
buy the Oct $65 PUT (ROK1220v65) current ask $0.80
Entry on September xx at $ xx.xx
Average Daily Volume = 1.1 million
Listed on September 26, 2012