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."