Free Trade Of The Day Featuring Lorillard (LO)
Notes: Lorillard (LO) shares go ex-dividend on Wednesday, May 28th. The $0.615 dividend will be payable on Tuesday, June 10th.
Lorillard (LO) Options Trade Idea
Buy the (LO) June $57.50/$62.50 call spread for a $1.20 debit or better
(Buy the June $57.50 call and sell the June $62.50 call, all in one trade)
Stop loss- None
1st upside target- $2.50
2nd upside target- $3.75
3rd upside target- $4.75
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