update to - $UPS Options Action trade - mike

26 oct - mike with a semi-update on the "final call" segment of the show today, heres the clip final call clip . that little bit of decay he references means that his .85 cent Put is now worth .39.. as in a 50% loss.. but hes staying with it.. hope hes turning over a new leaf on the use of the twitter handle to update trades.

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19 oct - pretty simple trade by mike on UPS, heres the video clip UPS clip

Buy the Nov 70 put for .85

thesis seems good. i guess if you want to take a shot its not much capital to outlay, but you need a move down to 69.15 at opex to be breakeven.. i dont follow the stock to make a suggestion. you dont have to trade everything. i got a kick out of scotts comments how he doesnt like selling a "dollar cheap option" to make it a spread.. noticed he didnt have a problem with it when mike did the BAC 9/10 call spread where the 10 call was a nickel. see all of mikes on - air trades in this spreadsheet