Loose Strings

I left a few loose strings in the last post, so let me clarify.

The put stread will gain value as FTR reaches the $5 strike price, with the breakeven point being at 7.30. (7.50 strike - .20 per share).

It is very interesting that this very large Put order came out the day before the patent was awarded and the suit was filed. Someone obviously thinks FTR is going to lose this case.

I suggest the covered calls option because I think this case will not be resolved in 22 days (Thats the number of days to expiration) and I think FTR will remain fairly flat until then.