- Bucket 3, new trade: short WBMD June 30 calls
- The stock is down 26% today on news of the CEO resigning and the company not being up for sale any longer. Sales guidance is very murky at best
- This is a classic Bucket 3 options strategy trade for us where we sell far out of the money calls on a stock that fell hard. Implied volatility is amped, giving us better premiums to sell. Technically the stock doesn't look good and it can rally a little over 21% against us at expiration and we still make money.