Add FLR Puts
“Off a Cliff”
PLAY: Buy the FLR October 50 Puts (FLR VJ) at or under $1.80, good for the day. Place a protective stop limit at $1.10 and a sniper sell at $2.80.
Dear Bottarelli Research Member,
From a chart perspective, I get the sense that global engineering and construction firm Fluor Corporation (FLR – NYSE) is about to fall off a cliff. As you can see from the chart below, the stock is pushing below the $50.00 level, which could easily trigger a downside move down to the 200-day MA support at $45.00. Let’s get positioned to profit off this move now!
PLAY: Buy the FLR October 50 Puts (FLR VJ) at or under $1.80, good for the day. Place a protective stop limit at $1.10 and a sniper sell at $2.80.
And as always…
Lock and load!
Sincerely,
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