Filled at $.69 on STX 30 NOV 45/43 Bear Call Spread while underlying was $42.43
*** CORRECTION Expiration is November 30, 2018 ***
Seagate Technology (STX) is trading below its 200 day moving average and is within the top 20% of relatively weaker stocks in the S&P 500. We’ve already seen a rejection of higher prices off of its 50 day moving average. I would expect more downside over the next few days. Let’s initiate a Bear Call side and take advantage of another downside push.
Ticker Symbol: STX
Expiration: November 30, 2018
Initiate Bear Call Spread
Sell to Open the 43 Call
Buy to Open the 45 Call
Look for a CREDIT of between $.65 and $.70 or higher TODAY ONLY (midprice is currently trading at/near $.68 right now).