Fed Up Con Ed Workers

30 minutes left in trading for the week after another unpredictable week of an unpredictable year we call 2020. With such confusing times like this, sometimes I try to focus on one specific stock for a couple days to get a great read on it. This week I have been following Con Edison (ED) and its news about its workers potential walking out of work June 20th, which is tomorrow. A strike has already been put in place by the union workers, and I believe the walk out will be the next step. I find this to be a great opportunity to get a put option on Con Ed as the anger of the workers will put the company in a bad light. The stock has been sliding all day today after opening high so the decline has already begun.

-Darnel Shillingford

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