Buy Alert: February 11, 2014

| February 11, 2014

Buy Alert:  February 11, 2014


Trade Details

Buy McKesson (MCK) March $165 Puts for $1.80 or better



The market has recovered nicely over the past couple days – and it gives us a nice opportunity to add another put to our portfolio.

MCK, a massive health care/medical supply company, is trading above the 20-day, 50-day, and 200-day moving averages.  In fact, it’s nearly 30% higher than the 200-day line.  The stock has also recently hit a double-top, so there’s major resistance just above the current price.

What’s more, the MCK’s earnings fell last quarter and the company lowered guidance.  With negative fundamentals and technicals, it’s a perfect time to take a bearish position on the stock.


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Category: OTW Buy Alerts