Free Trade of the Day

Notes: KB Homes (KBH) is set to announce Q3 earnings on Monday, September 16th. If (KBH) closes lower to tomorrow, consider the following trade idea.

KB Home (KBH) Trade Idea

Buy the (KBH) Aug. $20 Put for $1.50 or lower

Stop loss- $0.75

Upside target- $3.00

Updates: E-Commerce China Dangdang (DANG) shares soared 6.46% today, coming in within $0.21 of the $7.50 resistance level. If you bought shares this morning, look to lock in profits tomorrow and close it out near $7.50.

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