A Buzzy Morning
We'd had a bit more action than I was anticipating on this Friday morning. A few rumors are swirling, one giving a position push to a stock I had a negative view on coming into the day, Netflix (NFLX). Another buyout rumor comes into play now, with Verizon (VZ) being the suitor.
I don't buy it, but it did make me a seller of my remaining weekly put spreads. I had been selling since the open. I am staying with my longer-dated put spreads at the moment. Closing above yesterday's highs would stop me out of half the remaining position, while breaking today's lows would have me looking to add to the put spreads....239 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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