2013-10-07 Free Trade of the Day (ACI)
Free Trade of the Day
Notes: Arch Coal (ACI) is set to announce Q3 earnings on Monday, October 28th.
Arch Coal (ACI) Options Trade Idea
Buy the (ACI) Nov. $4/$5 Call Spread for a $0.32 debit or better
(Buying the Nov. $4 Call and selling the Nov. $5 Call, all in one trade)
Stop loss- None
Upside target- $0.90-$1.00
Updates: General Motors (GM) shares fell 1.46% today, but were able to stay above the $35 support level (100-day simple moving average).
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