New Trade: DO

Diamond Offshore Drilling is also on my current watchlist for a decline. Monday, I bought 4 July 65 put options at $1.15. My loss limit is $0.90 and exit point is $1.70.

Here’s a look at my potential profits:

# Shares or Contracts Purch Price Capital Out Sell Price Capital In Comm & Fees Gain / Loss

% Gain & Loss

4 1.15 460.00 1.70 680.00 10.00 210.00 45.7%

My charts on entering this trade:

130516 WFM

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What do you think? Let me know in the comments!

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