2014-03-01 Free Trade of the Day featuring Canadian Pacific Railway (CP)
Free Trade of the Day featuring Canadian Pacific Railway (CP)
Notes: Canadian Pacific Railways (CP) shares go ex-dividend on Wednesday, March 26th. The $0.315 dividend will be payable on Monday, April 28th. (CP) is set to announce Q1 earnings in late April.
Canadian Pacific Railways (CP) Options Trade Idea
Buy the (CP) Apr. 2014 $155/$170 call spread for a $5.00 debit or better
(Buy the Apr. 2014 $155 call and sell the Apr. 2014 $170 call, all in one trade)
Stop loss- None
1st upside target- $10.00
2nd upside target- $14.00
Updates: Medtronic (MDT) shares rose 1.65% on above average volume on Friday. We remain long the May 2014 $60 calls.
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