Sell Griffon (NYSE: GFF) Puts For 2-week 150% Gain
Sell to close the January 18, 2019 put on Griffon Corp (NYSE: GFF) with a strike price of $15 at $2.90 or higher for a 2-week 150% gain. Symbol (GFF190118P15)
These puts are actually trading at $3.00 but are pretty thin which is why I suggest the $2.90 price limit.
JP Morgan just initiated coverage of the stock with an Underweight rating and price target of $11, so some of you might want to put a stop loss in at $2.90 and ride the puts if they move higher.
Please let me know how you did with this trade suggestion, by taking this brief survey. This trade and the Armstong (NYSE: AWI), both part of the Homewrecker trade, did quite well. I hope you made some profits.