Education
Option Traders Profit from Weakness in $AZO
In our Lighthouse Point Platinum Option Swing Trading Service we discussed Autozone ($AZO). This was first put out in our notes on Monday night. On Tuesday, in the webinar subscribers were able to buy puts as the stock broke out of consolidation an below $785. On Wednesday, traders had to endure a retest of the […]
In our Lighthouse Point Platinum Option Swing Trading Service we discussed Autozone ($AZO).
This was first put out in our notes on Monday night.
On Tuesday, in the webinar subscribers were able to buy puts as the stock broke out of consolidation an below $785.
On Wednesday, traders had to endure a retest of the $785 level but were rewarded with a stock that dropped below $765 for a nice profit.
Some traders rolled their options and were able to get out just below the $760 level.
Subscribers locked in profits from $4 to $16 per option contract.
