On October 14, 2015, I recommended a buy on the PM November 95 put [$2.30 entry price] and the PM December 92.50 put [entry price of $1.85] as the stock started to become a bit over-extended to the upside.
While we were a bit early buying those puts, the stock has finally begun to pull back as we had hoped.
The December 92.50 put has a current bid-ask of $6.65 x $7.80. Sell to close half.
The November 95 put has a current bid-ask of $8.65 x $10. Sell to close half.
Congratulations on the gains. Please stay safe in this market. It’s a bit of a mess.
Ian L. Cooper
Rapid Retirement System