Rescue Strategies For Altria Group Stock (MO) In The Money Naked Put Trade – Mar 16 2018

I received an email from a new investor who has been trading just for a year on a trade he is holding in Altria Group Stock (MO). Henk is holding in-the-money naked puts at the $70 put strike which he sold for $2.50. Let’s look at his questions and some answers.

Hi Teddi,

I am in a sort of situation right now. I sold 10 puts of Altria at the 70 put strike for $2.50 a while ago thinking MO wouldn’t drop far below my costbasis of $67.50. But to my surprise MO is heading to $60. I should have rolled down while I had the chance, but now it’s too late since I have been asigned the shares. I want to get out without a loss. Can you please show me a way out?

Henk

Some Answers:

There are a lot of rescue strategies on my website that can be applied to this trade. This article takes a quick look at 7 repair tips and lays out 4 rescue strategies that could be used.

This Altria Stock strategy article is for FullyInformed Members.

Rescue Strategies For Altria Group Stock (MO) In The Money Naked Put Trade – Mar 16 2018

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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. You always trade at your own risk. The author assumes no liability for your investment decisions. Read the full disclaimer.

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