Protective Put & Your Stock Options Investment - 1. In mid-November 2003, Walmart opens down $1.50 to $56.25 and proceeds to trade down from there breaking the lower end of an uptrend channel. 2. Wal-mart then has a quick consolidation in mid-November around the $54.50- $55.00 level followed by a small technical rebound back to around $56.25. This may have been due to some investors thinking that the consolidation was a bottoming and thus a buying opportunity. As it turned out, it was a false bottom and the stock options investment traded back down rapidly to lower lows. A purchase at that level probably led to losses. Read more articles like this by going to the High Return Investment Blog.