2013-10-05 Free Trade of the Day (MRO)

Posted on October 5th, by Mitchell Warren in Free Articles, Options Risk Management, Trade Ideas. Comments Off on 2013-10-05 Free Trade of the Day (MRO)

 Free Trade of the Day

Marathon Oil (MRO)

Marathon Oil

Notes: Marathon Oil (MRO) is set to announce Q3 earnings on Monday, November 4th. On Friday, there was large buying in the Oct. $35 calls, led by a block of 2,000 for $0.60.

Marathon Oil (MRO) Options Trade Idea

Buy the (MRO) Oct. $35 Call for $0.55 or better

Stop loss- $0.25

Upside target- $2.00

Updates: General Motors (GM) shares rose 1.16% on Friday, confirming support at the 100-day simple moving average. While shares of Freeport McMoran Copper & Gold (FCX) pushed to a high for the week, adding 2.33% yesterday.

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