Sell Allergan (NYSE: AGN) Puts for 30% Plus Gain

Sell to close the the November 16, 2018 put on Allergan (NYSE: AGN) with a strike price of $185 at $8.50 or higher for a 31% gain. Symbol (AGN181116P185)

I am still interested in Allergan as a short idea but like to book the gain in these options if and when they present themselves.

Allergan has dropped with the market rout and healthcare getting hit particularly hard yesterday. Book the gain and we’ll look at re-entering the trade at a future date.

I realize the market is bouncing today but am attempting to get trade alerts out early so that subs can receive them on a timely basis. Allergan is not trading up before the open but I expect it will rise a bit with the market. I’ve placed the stop on this trade $.50 lower than the last trade to adjust for an expected bounce.

As always, my limits are suggested prices. 

Please take a moment to let me know how you did with this trade by taking this brief survey, which helps me know what’s working for subscribers. 

 

 

 

Stock Talk

Liranzo S

Liranzo Sanchez

Hi Linda,
This is for dub that already own AGN right?

Linda McDonough

Linda McDonough

Yes- this an alert for those who already own the Allergan puts.

Liranzo S

Liranzo Sanchez

Got it, thanks!

I’m a new sub, waiting for my first trade!

Daniel Long

Daniel Long

Price dropped rapidly this AM.
Sold AGN put for $7.80 and 20% gain.
Thanks for the alert.
DL

Phil L.

Phil L.

Sold 190 puts yesterday for 85% today for 73%

Thank you Linda

Phil

Doyle Mccullar

Doyle Mccullar

Good morning, STC @ 9.60.

Eistha

Eistha

Sold at 9… Thanks Linda for the ~33% gain

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