Sell Alert: Take Gains on Block Puts

Almost every stock that floated higher on easy Fed policy was clobbered in trading sessions last Thursday and Friday. SQ now looks oversold, so let’s take gains on this position. SQ may go lower in the near-term. But the bid for our puts is now so large that we should hit it and sell.

You Must Be A Subscriber To View This Content.

If you are already a subscriber, click the login button below to get access. Not yet a subscriber? Checkout our publication below and get access today!


Jim Rickards’ Countdown to Crisis

LoginGet Access

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...

View More By Dan Amoss