(02-22-2019, 09:48 AM)Kerim Wrote: Would this be the morning to sell puts at super low strike price on KHC? (Like $30?) Or just waaaay too toxic / risky until we have more information on how all this plays out?
I'd wait a couple days. This one is not going to run away from you in any significant way. I'll edit this post in a few with my KHC option trades.
EDIT: It rained lemons on my remaining 100 KHC shares. Some poor guy took my other 100 shares last Friday when my sell expired 25 cents in the money. I'd like to just sell it all and ban myself from the stock forever. Did this instead. I had an APR Strike 50 call sell open. It went worthless today so I bought it back for $3 to clear the way for a new call sell. Just sold a MAR 37.50 cover call for $60. I will consider selling a put in a few days. I need to sleep on that. Too many unanswered questions and people will be looking for the exit. KHC could drop another 10% and I am not going to get burned bad again.
Kerim your $30 strike is proper thinking though. That option premium will likely get better in a day or two but we never know. I may be angry now but KHC is deal at some price.