CLOSING THE $YUM OptionsAction trade - scott

21 oct - going to be a max loss on this trade if you followed in and held, never really did get close to being profitable. would have needed to be under 60 at opex to get close to breakeven.

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19 sep - been 3 months now and one month to go till opex.. if you followed scott into this trade and are still holding you are down about 90% and the stock is up a few bucks since entry also.


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4 jun - scott has a trade on YUM on tonights show with a bearish thesis.. has a put spread. here is the clip tonights trade

buy the Oct 62.50 / 50 put spread for $3.30 ($330 per spread)

i like the mechanics of the trade. although i dont follow the stock myself.. has a 3 to 1 payout ratio, defines his risk and gives himself plenty of time for it to work.. no reason you have to hold it till october though, if thesis is correct and stock continues down, this spread will increase in value (profit)... so consider taking some profits along the way..maybe selling a few lots along the way to lock in some profits. looking at chart, stock had some nasty last 2 days thats for sure.

google docs spreadsheet of all of scotts on-air trades