SGR

SGR (Shaw Group Inc) - Opened a cash secured put position on JUN25 PUTS SGRRE @ $1.40

SELL TO OPEN SGRRE at $1.40

This is a riskier trade than normal, but I think its a great entry area. The news that drove it down this low is really not that bad. It is back down to the pre-reaction level. $25 is well below the $27 support area. I would be happy owning this company at $25 is I am put the stock. My cost basis would be $23.60.

I will update once the order is filled.