Lighthouse Point Options Trade – $PANW

After writing about Palo Alto Networks Inc ($PANW) on Monday, there were several requests for information on the original trade.

We cut out a snippet from the webinar to give you a better insight into why we chose PANW at that time.

So here is a quick video on the entry:


The trade that most of the subscribers entered was buying the 140 strike Aug 4 Puts at about $2.75 on Tuesday, July 25th with stock about $139.46.

On July 28th PANW had fallen down to close around $133.70, and we started to discuss the movement around the 50day Simple moving Average.

On July 31st the stock had fallen through the 50SMA to close around $131.78.  On this day we discussed with our subscribers rolling from the 140 puts to the  130 Puts.

We sold the $140 puts for on average for about $7.10 for a profit of ($7.1-$2.75) $4.35.  This resulted in a Return on Investment of 158%.

Some subscribers stayed in the trade with a roll to the 130 puts which they bought for $1.35 with the potential for the stock to keep falling to fill the gap.

Hope this helps to highlight the trade and what Lighthouse Point Options is all about!

Lighthouse Point Options is a directional trading newsletter designed for the beginning–to–intermediate trader. Even the most successful traders in the world had help and guidance when learning how to trade options. Led by our lead educator and former floor trader Ron Ianieri, this service explores the ins–and–outs of options trading in a live-market environment.

Each week, you will receive:

  • Trade ideasfrom Jon, Pete, and Ron
  • Updates and commentarythroughout the week via email
  • Interactive Tuesday morning webinarand live Q&A
  • Access to a user groupfor peer-to-peer communications
  • Unlimited accessto archived newsletters and webinar recordings