Even with the market down today, we have a chance to re-enter one of our positions today.

TRADE ENTRY

Dow Inc. (DOW):  68.53

We were called out of our Dow Inc. stock this past weekend. We still like the company and the potential to grow sales and earnings in the coming year. Management has committed to maintaining the dividend, rewarded shareholders with a number of share buybacks, and overall, we think DOW is an undervalued stock.

Dow doesn’t go ex-dividend until the end of May. We can re-enter the position selling put options.

ACTION:  Sell to open DOW 13 May 66 put for a net credit of around 1.20 to 1.25 and a 1.8% return.