Option Alert: Sell ABT Put Options For 115% Profit
Take this action:
Stocks are retracing from this rally. As we indicated in our last update, rising dollar and expectation of rising interest is not good for stocks in shorter term.
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Sell, to close, ABT Mar 17 2023 $110 Puts @ $6.60 or better
We are booking 115% profit in three weeks. Although, we have more time for this option to get expire, but we want to book profits today.
Chart when alert was posted:
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Chart today when we are booking 115% profit:
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ABT has potential to go down much further, if you prefer to hold you can but keep a strict stop, so that you can still get out with profits.
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-Alpha Staff
Note: Options can expire worthless. So you must be willing to risk 100% of what you put into trades. Don’t risk funds you cannot afford to lose.