11/15/16 SHLD closed at $12.30 down .50 for the day.
News on the street is that suppliers are concerned the company is headed for bankruptcy.
Money Map Press touts a Buy at the close for a $5.00 PUT on Jan 17, 2017 at .35-.50
Agora Financial touts Zachary Scheidt’s method of selling short to create instate cash. Such as recommending selling 1 unit (100 shares)
below market value in the near future. Rinse and repeat shorting mainly so called blue chip stocks.
Note: Agora Financial owns Money Map Press. So my question is this:
If Sears which is in dire straights, and a $5.00 PUT for Jan 17, 2017 isn’t impossible but maybe a long reach. Would it not be a better move to:
Just SELL a PUT at the open on Jan 17,2017 SHLD for $11.00 or even $10.00 to create an instant cash flow that woul be relatively safe?
Understandably that funds would be needed if Sears had an outstanding holiday sales season and better than expected earning report.
Any and all thoughts are welcome! PS: I just CANCELED all subscriptions to Money Map Press after reviewing stock Gumshoe’s site!
Thanks for your input and may wisdom guide your investing!
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