Free Trade of the Day

Sell the (FXI) July $33/$34 bear call spread for a $0.33 credit or better

(Sell 1 July $33 call and buy 1 July $34 call, all in one trade)

Stop loss- $0.66

Upside target- $0.00

(Remember we’re putting this on for a credit, so we want the call spreads to expire worthless.)

Updates: Amazon.com (AMZN) shares rose 2.01% today, confirming the short-term bottom. Shares of Ultra Petroleum (UPL) traded up above the 50-day EMA, but finished off of the highs. If you bought when we featured (UPL) consider locking in profits.

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