2013-11-09 Free Trade of the Day (TSO)

Posted on November 9th, by Mitchell Warren in Free Articles, Options Risk Management, Trade Ideas. Comments Off on 2013-11-09 Free Trade of the Day (TSO)

 Free Trade of the Day

Tesoro (TSO)

Tesoro Petroleum

Notes: On November 6th, Tesoro (TSO) announced that they were increasing the existing $500M share repurchase program to $1B.

Tesoro (TSO) Options Trade Idea

Buy the (TSO) Jan. 2014 $50 Call for $3.45 or better

Stop loss- $1.95

Upside target- $5.00-$7.00

Updates: Shares of Starbucks (SBUX) and Baidu (BIDU) both put in tradable short-term bottoms on Friday, rising 2.69% and 2.54%, respectively.

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