OUTR — closed (85 cents win)

  • Posted by on November 25th, 2014 at 5:04 pm


Took a position in Outerwall $OUTR today based on it’s proximity to new all-time highs, a nice double-bottom pattern, and increasing volume.

Screen Shot 2014-11-25 at 2.55.22 PM


Was able to get nice fill selling Jan 64 puts at 90 cents. I’ve still got a resting order to buy a Jan 70/75 call spread that I’ll leave out there to get filled (or not, and then I simply walk away with a 90 cent win).

My position:

short Jan 64 puts
net credit: 90 cents



Covered short put at 5 cents. Position closed: Net gain: 85 cents.


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