2013-06-29-Free Trade of the Day
Free Trade of the Day
Sell the (HAL) July $42/$43 Bear Call Spread for a $0.40 credit or better
(Sell 1 July $42 call and buy 1 July $43 call, all in one trade)
Stop loss- None
Upside target- $0.00
Maximum risk- $0.60
Maximum reward- $0.40
Notes: As long as (HAL) stays below the $42.40 level, this trade will be profitable. The maximum gain is collected if the stock is below $42 on July options expiration, while the maximum loss is at $43 or higher on July options expiration. Time is your friend when selling premium (net short).
Updates: Amazon.com (AMZN) shares closed fractionally higher on Friday, but more importantly the stock printed a higher low for those who are still in the trade. Shares of iShares China ETF (FXI) picked up 0.09%, closing higher for the fourth consecutive day. While KB Homes (KBH) shares dropped 0.36%, following a failed attempt at regaining the $20 level.
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