Options Trade Of The Day: With Cloudflare (NET) up 12 straight sessions, buy October 29 $160 put
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UNLOCK OFFERCloudflare (NET) stock has been on a serious charge, up nearly 40% this month and up 12 straight sessions. Impressive going. We feel maybe too impressive, and now it is soon time for a pullback. So our options trade of the day is to buy a $160 put for October 29. This closed at just over $2 on Monday, and with NET stock up again in the premarket it may be that the $160 put opens cheaper today.
Cloudflare (NET) stock has been on a serious charge, up nearly 40% this month and up 12 straight sessions. Impressive going. We feel maybe too impressive, and now it is soon time for a pullback. So our options trade of the day is to buy a $160 put for October 29. This closed at just over $2 on Monday, and with NET stock up again in the premarket it may be that the $160 put opens cheaper today.
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