No. of Recommendations: 7
For folks who are more knowledgeable re options, anything look good yet? I would think that selling puts if the stock got to approx $500 would be good, like selling a $470 strike..
You'd normally want to sell puts (conditionally buy stock) when the stock price is lowish, not highish? Despite the fade in the last couple of days, I wouldn't consider today's price to be lowish.
I last sold some puts April 22 when the price was around $469. I closed a bunch of such puts this Monday morning during the post-report price pop, on the hunch that it wouldn't last.
Jim
