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brianweber

Naked puts over earnings on SQ

Long
Block, Inc. (NYSE:SQ)  
brianweber  
NYSE:SQ   Block, Inc.
Trend Analysis Chart Patterns options optionstrader optionstrading brianweber Technical Analysis square SQ Earnings earningsplay
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trendanalysis chartpattern options optionstrader optionstrading brianweber technicalanalysis square sq earnings earningsplay
Sold x2 naked puts at the $43 strike for this week's expiration. SQ is gapping down, but should see support in the $45 area. If $45 is lost, that lower trend line will most certainly be tested. I expect a bounce there unless the market completely rolls over.

FYI I don't mind owning shares of SQ long term since I'm confident the stock will rebound.

Cheers!
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