2013-08-01-Free Trade of the Day

Posted on August 1st, by Mitchell Warren in Free Articles, Trade Ideas. Comments Off on 2013-08-01-Free Trade of the Day

 Free Trade of the Day

Amazon com

Amazon.com (AMZN) Options Trade Idea

Buy the (AMZN) Aug. $310/$315/$320 Call Butterfly for a $0.60 debit or better

(Buying 1 Aug. $310 Call, selling 2 Aug. $315 Calls, and buying 1 Aug. $320 Call, all in one trade)

Stop loss- None

Upside target- $3.00-$4.00

Updates: The United States Oil Fund (USO) rose 2.44% today, but still has about $1 of upside potential before resistance sets in. Also, Monster Beverage (MNST) shares added 2.51% in the session, following through on yesterday’s action.

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