Computershare looks expensive.
We generally don’t participate on the buy-side when it comes to options on individual stocks. However, we do buy index options to hedge portfolios or to make profits on short-term corrections.
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In the current environment, when some stocks look overvalued, it makes sense to buy put options on a stock specific basis.
Let’s track these over the weeks ahead as a strategy to profit from a pull-back in the share price of CPU.
We buy the $13.75 May Put options for $0.45.
