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ORCL shares tanked yesterday after earnings. Looking at the 3 year weekly chart there seems to be pretty good support at about $25, which is a little above the 200 period moving average. Will look to sell a January $25 Put today.
Sold 20 ORCL Jan12 25 Puts for $0.635
ReplyDeleteFinal Position:
ReplyDeleteShort 50 ORCL Jan12 25 Puts for $0.652