2014-05-17 Free Trade Of The Day Featuring Lorillard (LO)

Posted on May 17th, by Mitchell Warren in Free Articles, Options Risk Management, Trade Ideas. Comments Off on 2014-05-17 Free Trade Of The Day Featuring Lorillard (LO)

Free Trade Of The Day Featuring Lorillard (LO)


Notes: Lorillard (LO) shares go ex-dividend on Wednesday, May 28th. The $0.615 dividend will be payable on Tuesday, June 10th.

Lorillard (LO) Options Trade Idea

Buy the (LO) June $57.50/$62.50 call spread for a $1.20 debit or better

(Buy the June $57.50 call and sell the June $62.50 call, all in one trade)

Stop loss- None

1st upside target- $2.50

2nd upside target- $3.75

3rd upside target- $4.75

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