January 15, 2019 – Filled on the WRK APR 42.5 Call Option at $4.00 while underlying was at $40.25
Westrock Co (WRK) is relatively weaker than the overall market and has pulled back into prior resistance and looks like it may resume back to the downside – and re-test its lows – if we see a pullback in the market over next few days. Let’s initiate a BEARISH Trade and BUY a PUT Option.
Ticker: WRK
Expiration: April 18, 2019
Strike Price: 42.5 Strike Price PUT option
Buy to Open the WRK APR 42.5 Strike Price PUT option with a LIMIT ORDER of between $3.90 and $4.40 TODAY ONLY (current midprice is $4.10).