Buy Alert: October 31, 2014

| 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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Splunk

 

Category: OTW Buy Alerts