Selling BLNK puts for income.
As more electric vehicles roll out, BLNK’s business should continue to expand. The company recently received a grant from Michigan Consumers Energy which helps validate BLNK’s rollout plan. Plus the stock could be a buyout candidate. Shares began moving higher this week and there’s an attractive amount of premium priced into the put contracts giving us plenty of income.
- Sell (to open) 2 BLNK December 17th $30 puts
- Limit: $2.80 or more
- The new position will represent roughly 5.9% of our model.
- 15:47 Executed
- Sold 2 BLNK Dec 17th $30 Puts @ $2.88