Skip to content
Options Income Masters
93% of My Members Collect An Extra Paycheck Every Week!
Options Income Masters
  • Main
  • OIB Training
  • Weekly Update
  • Trading
    • Menu icon-Income Masters-
    • Menu icon-Options Income Blueprint-
    • Menu icon-Income Madness Week-
  • Coaching
    • Menu iconSix Figure Portfolio Coaching Main Page
  • Training
    • Weekly Paycheck Training Program
    • Income Accelerator Coaching Main Page
    • Selling Weekly Options Workshop
    • Win 98% of Your Trades
  • About Us
  • Login
close
  • Home
  • Dashboard
  • Login

OIB Trade Alert: FL

Foot Locker (FL) has not worked out for us despite today’s pop on stronger-than-expected retail sales data. This was designed to be a short-term trade given the heavy weight of rising inflation on consumer discretionary stocks.

Therefore, I am recommending we close the position now at a loss rather than rolling it out. We will redeploy the capital on better opportunities next week.

If you have been assigned shares of FL, please email me at [email protected] if you need further guidance.

Current Stock Price: $25.37

Cash in Hand: $0.70

Action: Buy to close the FL Jul Monthly (7/15) 27.50 Put

Current Option Price: $2.15-$2.30

Recommended Limit: Set your initial limit order at $2.25, but adjust as needed to close today

Loss: $1.55, or $155 per contract

Rate of Return: -5.6% in 18 days, or -114% on an annualized basis

Go to Top
×