Free Trade of the Day

Notes: Hovnanian Enterprises (HOV) is set to announce Q3 earnings on Monday, September 2nd.

Buy the (HOV) Aug. $6 Put for $0.50 or better

Stop loss- $0.35

Upside target- $0.80-$0.85

Updates: Restoration Hardware (RH) shares rose 1.82% today, setting up for a better than 3:1 reward to risk ratio trade set up.

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