Markets are rallying, but in a bear market, every rally will be sold.
That's why our Hot Money signal alerted to a big payout when this retail name to heads lower.
- Buy-to-open the Nordsrom Inc. (NYSE: JWN) April 17, 2020, $10 put (JWN200417P00010000) up to $0.45 per contract or better, for the day.
If shares of Nordsrom Inc. (NYSE: JWN) prices sink lower in the coming days, our call would quickly increase into a double or triple-digit gain - giddy up!
Here's what we're doing...
Action to Take:
- In your brokerage account, locate the JWN April 17, 2020, $10 put:
- The symbol is JWN200417P00010000.
- Search for options under the stock ticker: JWN.
- Make sure you choose the right options expiration (expiring on April 17, 2020).
- Choose the $10 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 $0.45 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 JWN April 17, 2020, $10 put with a $0.45 limit or better; for the day."
To your wealth, freedom, and options!