SLG bullish inclined naked puts - 20 Nov expirySLG is a REIT, I identified this company through Finviz, so far it seems like a pretty decent tool to identify opportunities. Real estate similar to travel is another sector that has been beaten so badly. As such I don't think there are many speculators monitoring this company to move the price wildly
Since the drop in Mar, unlike the broader market. SLG has not recovered and has been ranging for the entire Q3. The recent earnings has been pretty positive but it did not result in a spike or a huge price movement. This gave me the confidence to sell PUT options.
My PUT sells also aligns to the broader bullish market movement and RSI is at a low of 45
Sold 30 PUTs @ 0.87, Strike 40
BP block: 14k
Implied Volatility is contast around 0.62
Max gain est: $2610
