Seagate Stock has been a nice performer for Put Selling since November. This year I have had a lot of profit Put Selling the stock and another trade looks ready for those who missed the downturn on Feb 26. Seagate Stock symbol is STX.
On Feb 26 Seagate stock fell back to a low of $30.26 and I sold the March 16 $30 puts, but the bounce back has not been strong and yet the stock continues to exhibit a lot of strength at the $31 level. When Put Selling though you also need a rescue strategy in place before commencing the trade so you know in advance your plan should the trade take a bad turn.
Put Selling Seagate Stock
For those who missed the bounce in Seagate Stock it has not been a big bounce higher and it may end up not being much of a bounce at all, but the stock does exhibit a lot of strength at the $31 level.
In the chart above I have marked Feb 26 from last week when the stock fell to $30.26. However the stock still …… To read the rest of this Seagate Stock Strategy Article FullyInformed Members can access this article through this link or sign in here . Non-members can join here.