On Friday’s CNBC’s Options Action, the crew analyzed the performance of Haliburton (HAL) stock. Energy has been the best performing sector this month with Haliburton and the domestic energy sector exhibiting improving fundamentals. Additionally, HAL has sold off severely from its January highs, providing a much better valuation for a bullish case. Coupled with a support at $45, suggests a possible bounce higher. Expecting HAL to recover from its lows, Michael Khouw suggests selling a May 47.5 Put for a $2.35 Credit.
We’ve structured this trade in OptionsPlay so you can analyze and view this trade along with the supporting technical chart at your convenience. You can also view the Options Action’s video by clicking on the following link: HAL Options Action