Selling OSTK puts for income.
Shares of OSTK moved higher this week after reporting a strong quarter and giving a positive outlook for the important 4th quarter shopping season. OSTK’s revenues are growing faster than expenses helping to improve profit margins.
- Sell (to open) 1 OSTK December 17th $90 put
- Limit: $5.10 or more
- The new position will represent roughly 8.9% of our model.
- 11:30 Executed
- Sold 1 OSTK Dec 17th $90 Put @ $5.35