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Diamond Offshore Drilling, Inc. (DO)

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1Diamond Offshore Drilling, Inc. (DO) Empty Diamond Offshore Drilling, Inc. (DO) Mon Feb 06, 2017 3:17 pm

dzonefx

dzonefx
Moderator

Diamond Offshore Drilling, Inc. (DO), $17.06



daily chart
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Trade:  We recommend selling 10 Mar $15 puts (38 DTE) at $.33/share or better.  Note:  Holding over earnings (2/6) is higher risk but we like the stock long term.
Strategy:  Pull back to major support daily and weekly with bullish bottoming tail on the weekly chart.

Max Gain:   Credit received of $330.
Max Loss:  Cost basis will be $14.67/share if assigned.
Stop Loss:  $14.88 (but if gaps below on earnings, give 30-Min. low stop).

source: mastertrader

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