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New York
Monday, April 15, 2024

Oops on Phelps!

It took me a while to figure out what happened here but apparently the stock opened up with a dividend adjustment which threw all my posted figures out of whack.

I threw off a lot of other people too and caused a big sell-off this morning for no real reason.

I am no longer happy with the November premium at a $125 level, that will be hard to beat this week, but I would want to buy Dec $125s if they can be had for $5 today.

If it does come down, don’t catch a knife, buy a small amount and wait for clear direction – this stock can go up and down a dollar in minutes!

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