Another small trade

Another small trade. LPS is up about 7% today on no real news.  The stock is finally giving us a bounce and I’ve been saying for a long time that I’d like to add to my puts on any LPS bounce. I’m doing so again today, bidding on some in-the-money puts with strikes at or below $20 and dated out into early next year.  My biggest concern on these is that LPS could certainly muddle along at these levels or even bounce between now and the time these expire. In two years though…LPS is likely deadmeat, IMHO.