The obvious, PALM. Short it to below $2. Buy 2.50 May Puts. Sell April /May$4 or $5 calls.
Depending on the healthcare scare or if the market sets up for a pullback, buy DIA April 106 Puts.
The fertilizers are having a pullback but this could be short lived.
Happy Trading...
Thinking of buying 4.0 puts and selling the 2.5 put as the stock drops and go long under 2.5, hopefully it will recover after that.
ReplyDeleteWould not count on any long recovery for a long time. Selling the PUT this year may get assigned.
ReplyDelete