Always a New Verizon

I sold my $40 strike Verizon puts for September because of the rally getting underway. It was the right call, but it might be worth another go in October. ZH: Verizon Shares Slide After CEO Warns Of Wireless Subscriber Decline

I'd like to buy the $40 strike puts at a discount, currently around $1, if I can get it. There's room to bounce up to around $43.50 area if the market doesn't fall off a cliff. Otherwise, the October $35 strikes at 23 cents for a gamble because I expect a big flush into October and that's a monster 4-year topping pattern.