Buy Alert: October 31, 2014
Buy Alert: October 31, 2014
Trade Details
Buy Splunk (SPLK) November 22nd 59 Puts for $1.75 or better
Why?
SPLK is an operational intelligence software company with a bright future. However, investors are getting ahead of themselves at the moment. As much as I like this company, it doesn’t need to be trading above 500x projected earnings, as well as above all its major moving averages.
Should the market hit another spot of volatility, high fliers like SPLK will be some of the first to fall. Because the options are expensive, we’re sticking with November puts this time around.
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Category: OTW Buy Alerts
