PHM turned out to be a good divergence to the downside with a topping pattern May 17, 2019. A new top is in place but the MACD is diverging even lower indicating price should be around 31.5. Trying some June 21 expiration 31.5 puts at .27.
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this position is kinda hanging out there not much movement yet. Gonna give it another day
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and now we are moving some up 25% on the position, we will keep it open
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dragging its heels, unless we get some movement going tomorrow will consider closing this out for a loss
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decided Monday will wait out this one isnt moving yet
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closing this down at 11 c its languishing
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well couldn't get my good for the day limit order filled yesterday but today we got out at .23 after PHM fell