Sell Armstrong (NYSE: AWI) Put for 5-day 38% Gain

By Linda McDonough • October 22, 2018

Sell to close the December 21, 2018 put on Armstrong World (NYSE: AWI) with a strike price of $60 at $2.25 or higher for a quick 38% gain. Symbol (AWI181221P60)

The housing stocks may see a quick bounce so take this 5 day almost 40% gain. I’m leaving the Griffon (NYSE: GFF) put on as this company’s fundamentals are in worse shape. I don’t expect highly in debt stocks to rebound much.

As always, please let me know how you did with this trade or if you have any suggestions for my Profit Catalyst Alert service by taking this brief survey.

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Mark F

10/23/18 ‐ 9:34am ET October 23, 2018 at 9:34am ET

Bought AWI for 1.30 and sold for 2.35. A quick 80% profit. Thanks Linda..

MarkS

10/23/18 ‐ 9:47am ET October 23, 2018 at 9:47am ET

Had my limit order in for $2.25 all day Monday, no sale. Placed limit order of $2.25 again for Tuesday, closed for $2.40 at open for 44% gain.
thanks,

Daniel Long

10/23/18 ‐ 9:50am ET October 23, 2018 at 9:50am ET

AWI :
STC Dec 21 60 P at 2.35 at opening Tues 10/23/18 at Fidelity.

BTO 10/16/18 @1.67.
Therefore, profit = 0.68 = 40.7%.
A good week’s work. Thanks, Linda.

Steve S.

10/23/18 ‐ 9:51am ET October 23, 2018 at 9:51am ET

Closed AWI this morning on Schwab @ 2.55, ~ 92% profit before commissions. Thanks indeed, Linda.

Kao Li

10/23/18 ‐ 10:58am ET October 23, 2018 at 10:58am ET

Was away for 5 days. Set limit order that filled end of day 10/19
AWI BTO @ 1.20
STC @ 2.50
Profit 1.30 = 108% Thanks, Linda

Todd Harrell

10/23/18 ‐ 11:05am ET October 23, 2018 at 11:05am ET

Was late on this but closed today @ 2.75.

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About The Author

Linda McDonough

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Linda McDonough is a veteran hedge fund analyst who loves to break down company financial statements and identify market inefficiencies to uncover big opportunities. She believes in a boots-on-the-ground approach that includes surveying customers, interviewing company executives, or doing whatever it takes to see what others don't.

She's now brought her experience as a hedge fund analyst to subscribers of her Profit Catalyst Alert service. Her system identifies small- and mid-cap stocks that are about to move due to catalytic events that few others can identify...until it's too late. These events often times result in massive gains for her followers.