MMM bull put spread

OF a general market "blue chip" type of company, this one is acting different than the broader markets. A nice buy low, sell high location as well, longer term, for a company most people know how it makes money.

Possible triple bottom down here and or a spot to consider adding into and beefing up a LONG TERM HOLD. [I do not personally plan on buying shares. can't be in everything."

Komentarz:

Unraveling. Which is SPENDING A TRUCK LOAD of cash to buy to close the 175 short put and hang onto the 170 long put.
We don't need it to go down THAT much lower to get back in the game... since the 170 put is ALSO ITM.

Komentarz:

Unravel is almost profitable. :-)

Komentarz:

STC the $170 puts for 10.55