No. of Recommendations: 0
I looked at about 450 of the NYSE listed stocks in the last 2 days and chose one CLX (clorox) that looked like a good put buying "opportunity"

So this morning I bought 10 contracts (big spender) of the Oct 16, 2015 $105 strike for $4.30/share.

The chart showed distribution starting to set in and the ADX red just beginning to cross above the ADX two main TA criteria.

The FA spreadsheet shows declining sales over the last three years, a P/E of just shy of 25 and a book value of.....believe it or not....$1.15! On a $105 stock....

I'm testing the waters to see how adept I can or cannot become at this shorting side of the markets.

I like puts because my exposure is known and limited.

BTW, I still own the shares of SVLC I mentioned in my last post, although my experience has not been far.

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