Rescuing Credit Put Spread on Bank Of Nova Scotia Stock – Investor Questions

Bank of Nova Scotia Stock (BNS) is among my favorite stocks for trading within the Canadian Portfolio. In the recent correction on the Toronto Stock Exchange, BNS Stock has plunged from its most recent high of $74.93 to close on Oct 16 2014 at $65.86 a drop of 12%.

An investor emailed wondering how to handle his credit put spreads on Bank of Nova Scotia stock which expire on Oct 18 but which are not caught deep in the money. He will have to make a decision on his trade for Friday by 4:00 PM when the markets close. He believes he is looking at a possible loss. I disagree, but this investor needs to return to the original goal to plot out a rescue strategy.

Rescuing Credit Put Spread on Bank Of Nova Scotia Stock – Investor Question

This strategy is for FullyInformed Canada members.

FullyInformed Canada Members can read the rescue suggestions for the Bank Of Nova Scotia Stock trade directly through this link or they can sign in to the full members site here. Non-members can join here or read about the benefits of a membership.

Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.