Looks to me like CMG is finally coming off a long base. Sold 397.5 puts expiring Dec 9th for 5.50 credit.
Comment:
Nice positive article from Barron's after close today. Hopefully it translates to gap higher Monday.
Comment:
No love for CMG still, I guess. Looks like I might own this barring a miracle. Still hoping for strengthening over coming months, so unless it plummets further, will keep and use for covered calls.
Trade closed: stop reached:
Changed my mind and took the loss.