been watching VMW along time. right now its fighting with the 50day moving average, its off about 10bucks in last week or so while general market has been sideways. VMW has always been a tough one to get decent premium on credit put spreads but then again it has $2.50 wide strikes. might get an opportunity for an entry if it continues to pullback and/or the Sep/oct market correction comes. not comfortable taking a position here but if it were to pullback closer to the fat crayon support line near 80 i will price something out, either credit put spreads or possibly cash secured puts / risk reversals. setting alert at 82 to get on radar.
click-->Follow @Mark_Lexus to follow on twitter