2013-08-31 Free Trade of the Day (LLL)
Free Trade of the Day
L-3 Communications (LLL)
Notes: If L-3 Communications (LLL) shares are able to close higher on Tuesday or Wednesday, consider the options trade idea below.
L-3 Communications (LLL) Options Trade Idea
Sell the (LLL) Sep. $85/$90 Put Spread for a $1.00 credit or better
(Selling the Sep. $90 Put and buying the Sep. $85 Put, all in one trade)
Buy stop loss reference- A move below $89.50 in the stock
Upside target- $0.00
(You want the put spread to expire worthless)
Updates: Michael Kors (KORS) shares once again closed at an all-time high, rising 1.29% on Friday. Shares of F5 Networks (FFIV) fell 0.88%, but remain above the $82 support level.
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