CLOSING THE $CHK Options Action trade - Enis

20 July - Enis throws up a brick for his first trade from May with stock near 17 today, will be a max loss.

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28 Jun - if you took this trade from Enis last month you are sitting on 80%+ paper loss with 3weeks to go. unless something drastic happens its not looking good to turn profitable

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25 may - Enis has a bearish trade on CHK via a put spread. trade has a 3 to 1 payout at max profit. here is the video clip CHK clip

Buy the July 14/12 put spread for .50 ($50) per lot

could get this trade a bit cheaper on todays up move in a.m. , good trade if you have a bearish thesis, defined risk of .50 , would not take the trade myself, just too many conflicting issues with this name..CEO activities vs Icahn stirring things up. Google Docs spreadsheet of Enis's on-air trades: Enis spreadsheet