2013-08-01-Free Trade of the Day
Free Trade of the Day
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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