2013-07-08-Free Trade of the Day
Free Trade of the Day
Notes: Altria Group (MO) is set to announce Q2 earnings on Monday, July 22nd. Also, if (MO) closes below the $36 level on next Friday, we’ll have to buy the stock for $36 a share. Remember we want to be long this name anyway.
Sell the (MO) July $36 Put for a $0.35 credit or better
Stop loss- None
Upside target- $0.00
(If MO shares finish above the $36 level on July 19th, we get to keep the entire credit.)
Updates: L-3 Communications (LLL) shares traded above the $88 level, but finished the day below $87. (LLL) remains a no touch at these levels.
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