Seeking Alpha
  • Ocean Man
    Sold to open Nov $30 puts on Zillow Z for $2.25. Bid / ask spread was $1.95 / $2.50. Never pay those prices on wide spreads.
    8/1/12
    Reply (8)
    • Ocean Man: Stock has fallen from 43 to 37. I would love to own it for 28.
      8/1/12
    • Ocean Man: Also sold to open Nov $35 puts on Zillow Z for $4.35. Bid / ask spread was $4.20 / $4.60.
      8/1/12
    • Clayton Rulli: selling puts into earnings aug 7th, on a stock with trailing PE nearly 300. risk on!
      8/1/12
    • Clayton Rulli: I was looking at similar strategy with OUTR. Earnings have passed, the worst is over!
      8/1/12
    • Ocean Man: That's why they're expensive!
      8/1/12
    • Clayton Rulli: OUTR earnings really werent that bad. Plus the deal with VZ is future catalyst?
      8/1/12
    • Clayton Rulli: YEah thats true, but OUTR or even SBUX puts seem more attractive to me. I guess im a scardy cat sleling puts into earnings
      8/1/12
    • Ocean Man: I only do it on companies I really want to own. Z is one of my favorites, really believe in it.
      8/1/12
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