Selling BLNK puts for income.
The alternative energy and electric vehicle industries have been in focus lately with capital moving into related stocks. Shares of BLNK surged higher earlier in the month. A temporary pullback gives us a great opportunity to capture a lucrative income payment with extra buffer to manage risk.
- Sell (to open) 2 BLNK January 21st $35 puts
- Limit: $3.20 or more
- The new position will represent roughly 7.1% of our model.
- 11:38 Executed
- Sold 2 BLNK Jan 21st $35 Puts @ $3.40