CLOSING the $WMT Options Action Trade - mike

10july - guess mike forgot about this trade he had on air few weeks ago for WMT when he was doing this hit on tonights show on walmart. here tonights segment, tonights WMT segment

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6july - scott answers a viewer email from Arnold about some puts he bought in WMT.. just so happens Arnold bought the same puts Mike did on 22jun show. no cool music, smiling faces and nifty graphics on this one since its a losing trade. no updates from mike khouw of course or the Options action twitter account despite the "constant trade updates" references.. heres the tonights web extra video web extra , scott has a good suggestion for how to at least salvage some of this position by closing the puts and then buying a calender put spread. scott said option is worth 30cents now so will close this trade in the spreadsheet, mikes on-air trades in a google docs spreadsheet

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23jun - mike has a bearish trade on Walmart, heres the video clip, WMT clip . carter worth with his trusty 20year chart also recommends selling. mike lays out his fundatmental case pretty well

Buy the Aug 65 put for .90

Mike comments that if it moves in his favor he will look to "spread it out" , which means selling a lower strike put to essentially leg into a spread. an august options gives him plenty of time for the thesis to play out. thats one option, another it to make this a calender put spread from the get go.. selling the July 65 put for about .32 .. lowers the cost of that long put by one third.. can always "spread it out" if you get a move in your favor then. see all of mikes on-air trade in this google docs spreadsheet

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