Sell Alert: April 11, 2014

Sell Alert:  April 11, 2014

 

Trade Details

Sell Green Mountain Coffee Roasters (GMCR) April $90 Puts for $0.20 or better

 

Why?

GMCR is doing what I expected – and what we wanted.  However, we’re running out of time.  We needed this selloff to occur about a week ago.  While the shares have broken through the 50-day average, I don’t think they’ll test the 200-day average before our options expire.  In fact, I think we might open higher on Monday – and then our puts will be worthless.

Let’s sell the puts here while they still have a little value.  We may get another chance to trade GMCR in the near future.

 

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Category: OTW Sell Alerts