Market Overview

My goal is to be on stage with my computer and let you
see my screen and make sure you know what buttons to
press, where you’re getting in & out, how to calculate
risk, your targets — all of those things.
It’s real-life trading. Make sure you sign up!
- Jerremy Newsome

Alan Knuckman's Sears Trade


Speaking on "Bloomberg Markets," Alan Knuckman of ‎Bulls Eye Option suggested a bullish options strategy in Sears Holdings Corp

He wants to sell the June 7 put for $0.40. If the stock stays above $7 at the June expiration, he is going to collect $0.40. If it drops below $7, he is going to have to buy the stock at $7 — but it would actually cost him $6.60. The trade starts to lose money below $6.60. Knuckman added that with this strategy, investors have a chance to buy the stock they like 15 percent below the current stock price.

Posted-In: Alan Knuckman Bloomberg MarketsOptions Markets Media Trading Ideas


Related Articles (SHLD)

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial

Barron's Ponders The Future Of Ford

Larry Fink Oversees More Money Than Any Other Human: Here Are His 7 Golden Rules