Free Trade Of The Day Featuring Ultra Petroleum (UPL)
Ultra Petroleum (UPL) Options Trade Idea
Buy the (UPL) May 2014 $27/$30 call spread for a $1.10 debit or better
(Buy the May 2014 $27 call and sell the May 2014 $30 call, all in one trade)
Stop loss- None
1st upside target- $2.00
2nd upside target- $2.75
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Smart Money Report
BHI- A rollout from 16,536 Mar. $57.50 calls (credit) into 16,536 Mar. $62.50 calls (debit). Volume was above the open interest in the Mar. $62.50 calls.
FRX- 5,000 Jan. 2016 $90 calls were purchased for $5.10 each, against open interest of 11 contracts.
GLD- 19k Dec. $130 calls were bought for $6.75 each, against open interest of 46,663 contracts.
UPL- A rollout from 4,450 Feb. $24 puts (credit) into 4,450 Mar. $24 puts (debit). Volume was above the open interest in the Mar. $24 puts. Earnings are due out 2/20.
TSLA- Tesla Motors shares are up fractionally today, on pace for a close above $200 for the 1st time ever. The call to put ratio in (TSLA) is currently 1.21, led by a buyer of 1,500 Mar. 2014 $190 puts for $12.40 each.
2014 LIMITED TIME OFFER– Save over 33% off … Read More »