Action Alert: AZO Hits 100%
Sell One More Put
Dear Bottarelli Research Member,
Earlier today in our action alert on Zale, I commented that AutoZone (AZO – NYSE) was on the verge of breaking down. Well, over the last 60 minutes, shares of AZO have taken a dramatic turn for the worse. As you can see below, shares are down over $12.00, which has pushed your AZO January 100 Puts (AZO MT) up to $15.80, good for a 102.56% gainer!
Looking at the stock chart, I think this dog has a lot further to fall. Therefore, let’s capitalize on today’s down-move by selling one additional put at the 100% level, and then continue holding the remainder of your position for more downside. Once again, congrats on another 100% winner!
Sincerely,
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