Options Oracle: 12/13/13


Ruger is right at a key Role Reversal support level right now and it looks as though there is enough of a secondary support level to protect our Credit Put Spread. Our goal is to sell the January 65.50 puts and buy the January 55.50 puts for a credit of $1.20. This will obligate us to buy the stock at 65.50 should it close below that price on expiration Friday for the January option chain.

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