ORCL

Discussion in 'Options' started by oldnemesis, Sep 15, 2016.

  1. http://finance.yahoo.com/news/oracle-orcl-stumbles-q1-2017-212809356.html

    Currently ORCL is at 39.55 down $1.31 after hours.

    http://stockcharts.com/h-sc/ui?s=orcl

    We currently hold a Jan '17 30/25 bull put spread which is the left over from a Condor.

    This spread is in the money enough that we could close on a small profit...and a net profit for the condor.

    I've been holding a negative bias on the market as a whole because it seems unjustifiably overextended. Thus I'll see if I can get a favorable fill in the morning to close out my ORCL holdings.
     
  2. closed