Flash Buy: Time To Enter Bearish Retail Trade

March 24, 2020

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!





Joshua M. Belanger
Joshua Belanger is founder of CounterVest and the editor of Hot Money Trader. He has been providing ordinary investors blockbuster returns since 2008. In 2018, the average return of Hot Money Trader beat the markets by over 15%