Sell cash secured puts on Big5?

If you are interested in accumulating BGFV you could consider selling a put. If it reverses, like is has in the past you pocket a % for the reversal or if you wanted a decent entry why not get paid for the pullback? It might not feel great entering this position although it's paid off the last few months as the stock continues it's upward trend.

Trade fermée: cible de profit atteinte:

This pull expires next week and BGFV has continued higher after a minor correction following the previous patterns. I'll be looking for it to correct a bit before jumping in again with another cash secured put. I'll be looking to target 6%+ return or acquire at or below a support level.