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July 3rd, 2011 at 1:21 pm
Hi Phil,
Could you please clarify the latest short put recommendations in the last weekly newsletter?
(Sell) INTC Aug $22 puts at $0.84 (the last price $0.61, bid: $0.60)
(Sell) HPQ Aug $36 puts at $1.05 (the last price $0.84, bid: $0.83)
The recommended transaction price could be achieved only if stocks reversed and go down. Is you idea to wait for stocks pull back and enter into those trades at recommended prices?