AMGN Chart Protective Put Example #2 For A Stock Options Investment

by David Jenyns on March 10, 2006

AMGN Chart Protective Put Example #2 For A Stock Options Investment
When To Use Protective Put For Your Stock Options Investment – NOTES ON AMGEN (AMGN) – Protective Put & Your Stock Options Investment – 1. With the use of Technical Analysis, Amgen is identified to be poised to break down through a technical support as determined by a line drawn through three bottoms points, occurring in January 2002. 2. Then, in May 2002, the stock options investment breaks down below the support line indicating an upcoming drop to a new, lower trading range. 3. The stock options investment begins to consolidate at around $46.00, and attempts to rebound. A protective put can be used here with the purchase of the stock in case the stock options investment has a false bottom.

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