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.
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:
Chart today when we are booking 115% profit:
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.
Subscribe to Alpha Investor premium for such trade alerts.
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.