Sell Alert: Take a 55% Gain on Nucor Put Spread

A sharp decline in NUE after only two weeks has exceeded our expectations. While there is more upside in the trade, there is a risk that we give back some of our paper gain if the stock recovers or moves sideways for the next six weeks. So, we recommend you sell this position now to lock in profits.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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