Sell Griffon (NYSE: GFF) Puts For 2-week 150% Gain

By Linda McDonough • October 31, 2018

Sell to close the January 18, 2019 put on Griffon Corp (NYSE: GFF) with a strike price of $15 at $2.90 or higher for a 2-week 150% gain. Symbol (GFF190118P15)

These puts are actually trading at $3.00 but are pretty thin which is why I suggest the $2.90 price limit.

JP Morgan just initiated coverage of the stock with an Underweight rating and price target of $11, so some of you might want to put a stop loss in at $2.90 and ride the puts if they move higher.

Please let me know how you did with this trade suggestion, by taking this brief survey. This trade and the Armstong (NYSE: AWI), both part of the Homewrecker trade, did quite well. I hope you made some profits.

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-CR-

10/31/18 ‐ 11:59am ET October 31, 2018 at 11:59am ET

3,900% APR What More Can I Say – Luv Ya’

Daniel Long

10/31/18 ‐ 12:07pm ET October 31, 2018 at 12:07pm ET

GFF
BTO 10/16 1.22
STC 10/31 2.90
Profit = 1.68 = 137%.
Why can’t they all be like this?
Thanks, Linda.
DL

Linda McDonough

10/31/18 ‐ 12:56pm ET October 31, 2018 at 12:56pm ET

Yes, therein lies the question! Working on it!
Happy this one worked out so well.
Linda

Mark F

10/31/18 ‐ 12:19pm ET October 31, 2018 at 12:19pm ET

GFF
BTO 1.20
STC 2.90
Great pick Linda.

Joanne Zhang

10/31/18 ‐ 12:29pm ET October 31, 2018 at 12:29pm ET

Hi Linda,

I bought GFF at $1.45 and sold early at $2.00.

I’m new to your service and when I got the alert, it was to late for the AWI trade. But this one worked out nicely for me. Looking forward to the next trade.

Thank you,

Joanne

Donald Lewis

10/31/18 ‐ 12:42pm ET October 31, 2018 at 12:42pm ET

Sold GFF @ 2.90 Fidelity
Thanks

Doyle Mccullar

10/31/18 ‐ 1:48pm ET October 31, 2018 at 1:48pm ET

Way ahead you you ( for once ) Linda…I put in the STC order with a limit of 3.00 GTC early this morning.
Cha-Ching! Thank you for this recommendation!

Todd Harrell

10/31/18 ‐ 1:53pm ET October 31, 2018 at 1:53pm ET

STC @ $2.97

Phil L.

10/31/18 ‐ 1:56pm ET October 31, 2018 at 1:56pm ET

Sold for $3.00

Thank you Linda

Liranzo Sanchez

10/31/18 ‐ 2:02pm ET October 31, 2018 at 2:02pm ET

Out for 82% gain.

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About The Author

Linda McDonough

Bio | Archive

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.