It Started With a Question….

• Posted by Greg Harmon
• on October 2nd, 2013

An innocent question. Yesterday afternoon Val wanted an opinion on JC Penney ($JCP) Puts. We went back and forth on StockTwits for 22 iterations, as you can see, before it was just too confusing so we took it to email. I am posting it here because it may be helpful to look at this though process as some others think through what to do with this stock. Here is how it ended.

Straight buying and selling is not always the only answer. And here is the chart I sent

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