Trade Alert: Update
Changing the strikes on our last trade.
Quick Update
In our last post, the second trade was $10-$7.50 put spread on HE 0.00%↑ expiring in December. HE is up in the premarket now after saying its not planning a restructuring, just seeking advice to ‘endure’ as a strong utility (per ZeroHedge).
Trade Alert: Blood In The Streets
Pamoni Photograph/Pexels Sell When There’s Blood In The Streets The old adage, variously attributed to Bernard Baruch, John D. Rockefeller, and Baron Rothschild is to “buy when there’s blood in the streets”, i.e., buy when prices are down due to a disaster. But sometimes it makes sense to sell short when there’s blood in the streets.
In light of that, I’ve edited the post above, updating the second trade to the next higher strikes:
The second …
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