Grupo Televisa SA (NYSE:TV) is Dipping

As I predicted in my post from a few days ago, TV has dropped below 30.  The May 30 put jumped 25% to $1.00.  I think it might have a little more room to drop now that TV has dropped below its 10 day moving average.  This one is worth watching since I think it’s still going to be a good long term investment.  Now might not even be a bad time to sell the May option slightly ITM, but I’m waiting to see how it reacts to its 20 day moving average.