Sell to close the December 21, 2018 put on Boston Beer Works (NYSE: SAM) with a strike price of $250.00 at $2.50 or higher. Symbol (SAM181221P250)

Unfortunately, this was not a winning trade (likely a 45% loss). SAM’s options are thinly traded so I believe only a few subscribers were able to execute the purchase of the puts. The stock seems to have little correlation to the overall market but will likely rise today because the futures are up so much.

The mid-point of the Friday close is $3.50 but I am suggesting a $2.50 limit due to my expectation of a market rally. These calls expire on December 21st so I suggest exiting them soon as the time decay in price will pick up quickly.