Buy Alert: May 11, 2016

| May 11, 2016

Buy Alert:  May 11, 2016

 

Trade Details

Buy LifeLock (LOCK) June 17th 11 Puts for $0.40 or better (lower)

 

Why?

Markets are pretty choppy lately and it’s about time we added a put to our portfolio.  LOCK offers identity theft protection services, but its services aren’t exactly groundbreaking.  The company isn’t making money and doesn’t have a lot of assets.  Plus, recent earnings were a bust.  Also, the puts are cheap.  Let’s buy some.

We’re going to buy June puts.  Conservative investors can take profits at $10.50.  Aggressive investors can hold to $10.  For risk control, conservative traders should exit at $13, while more aggressive traders can hold to $14.

 

 Recent Activity

LifeLock

 

Category: OTW Buy Alerts