Trade Alert – The Drop Continues In Walmart Stock (WMT) – Mar 4 2015

My last trade in Walmart Stock was Feb 24 2015. I sold 3 naked puts for the $82 put strike for .60 cents and bought 300 shares for $84.03. The stock though is still under pressure and continues to move lower. With many investors worried that health-care costs are going to eat into the profits from Walmart, investors have been busy dumping shares of the world’s largest retailer.

With 300 shares in my account, I sold 2 covered calls for .91 cents at the open this morning for March 20 expiry at the $83 strike. I have left the remaining 100 shares without covered calls.

Trade Alert – The Drop Continues In Walmart Stock (WMT)

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