2013-08-31 Free Trade of the Day (LLL)

Posted on August 31st, by Mitchell Warren in Free Articles, Options Risk Management, Trade Ideas. Comments Off on 2013-08-31 Free Trade of the Day (LLL)

 Free Trade of the Day

L-3 Communications (LLL)

L-3 Communications Titan

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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