RacerNic
Marketfy > RacerNic > Priceline (PCLN) Update to trade

Priceline (PCLN) Update to trade

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I recently shared these PLCN short ideas. They are beautiful wins and can be booked on PCLN -10% move today. PCLN has breached a support level but I consider this a gift.

Here were the trades:
  • PCLN 7/1 debit put spread1222.5/1220. Cost is showing .4 (max loss). My max gain could be about $2 IF PCLN falls through 1220 by 7/1 - NOW it's .75
  • OR PCLN 7/1 debit put spread 1180/1170. Cost is .5 to .6ish. (max loss). My Max gain is $9 if PCLN breaks all the way down thru 1170-. - NOW it's 1.45 ;-)

--
Nic

Posted to Create Income with Options … on Jun 24, 2016 — 12:06 PM
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