Monday, November 5, 2012

VVUS new Nov Monthly trade, Nov/05/2012

Didn't want to fight oversold VVUS, so thought selling puts may be a little better here. I know it's not the best trade, but I liked the credit I was getting and the room I get to be wrong in this trade.

VVUS daily chart

















VIVUS, Inc. (VVUS) Credit vertical:  
Sell 1X $14 Nov put
Buy 1X $13 Nov put
(Got 40c) 

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