Short Term Trade on Bloom Energy

January 15, 2020 - 12:07 pm

Shares of Bloom Energy trade currently just under $10/share, and we've been watching this company with a bullish view since it was below $5 in Q4 2019.  The recent rally has been remarkable and we'd rather see the stock pull back before getting into it, so we sold the Feb 2020 $9 Puts for -$0.75.

These options expire in about 1 month and if the stock drops below $8.25 we'd be forced to purchase the shares for a net cost of $8.25/share which we'd be glad to do.