We have a new bonus Hot Money buy alert that has triggered.

Crude oil’s unprecedented plunge is going to have widespread effects on companies that are tied to the commodity.

• Buy-to-open the GOODYEAR Tire & Rubber Co. (NASDAQ: GT) July 17, 2020, $5 put (GT200717P00005000) up to $0.55 per contract or better, for the day.

If shares of GOODYEAR Tire & Rubber Co. (NASDAQ: GT) sink lower in the coming days, our put would quickly increase into a double or triple-digit gain!

Here's what we're doing...

ACTION TO TAKE:

• In your brokerage account, locate the GT July 17, 2020, $5 put:
• The symbol is GT200717P00005000.
• Search for options under the stock ticker: GT.
• Make sure you choose the right options expiration (expiring on July 17, 2020).
• Choose the $5 strike price.
• Select "put" options. Select how many contracts to buy.
• Once you have the right contract, click "buy to open."
• Choose "limit order." (This sets the max price you'll pay per contract).
• Use a limit of $0.55 per contract.
• Click "Day" for TIF (Time In Force).
• Then click "buy" to transmit the order.

You can also call your broker and say, "I want to buy to open GT July 17, 2020, $5 put with a $0.55 limit or better; for the day."