SSI: Ultra – Recommendation #5 – JXN Short Put

May 19, 2023

Ticker: JXN


Sell to Open JXN Jun 16 2023 $35 PUT (not the Call!)

Aim for a NET CREDIT of $6 to $7 per contract (you will receive between $600 and $700 in option premium as income into your account).

Notice that I have set the target credit level higher than where the option is currently trading. That’s because we are going to be patient on this trade; we think that the market should provide us with an even better entry point in the very near future, and part of our strategy will be squeezin