Sell Armstrong (NYSE: AWI) Put for 5-day 38% Gain
Sell to close the December 21, 2018 put on Armstrong World (NYSE: AWI) with a strike price of $60 at $2.25 or higher for a quick 38% gain. Symbol (AWI181221P60)
The housing stocks may see a quick bounce so take this 5 day almost 40% gain. I’m leaving the Griffon (NYSE: GFF) put on as this company’s fundamentals are in worse shape. I don’t expect highly in debt stocks to rebound much.
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