2013-08-29 Free Trade of the Day (FFIV)
Free Trade of the Day
F5 Networks (FFIV)
Notes: F5 Networks (FFIV) is set to announce Q4 earnings on Wednesday, October 23rd.
F5 Networks (FFIV) Options Trade Idea
Buy the (FFIV) Sep. $85/$90 Call Spread for a $1.50 debit or better
(Buying in the Sep. $85 Call and selling the Sep. $90 Call, all in one trade)
Stop loss- $0.75
Upside target- $3.00-$4.00
Updates: Michael Kors (KORS) shares rose 1.95% in today’s session, closing at an all-time high. Shares of Facebook (FB) closed within $0.06 of an all-time closing high, adding 1.81%. Both of these names will likely continue to march higher, but make sure that you are raising stop losses or just trim part of the position to lock in gains.
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