Option Trade Of The Day
Posted on Thursday, February 12th, 2009 | In Stocks to WatchThursday February 12, 2009
Navivest
THE TRADE:
Buy the Consol Energy FEB ‘09 $30 calls.
Option Symbol: CNX BF.
Current Options Price: $1.65 – $1.75.
TRADE RATIONAL:
The stock market is becoming grossly oversold near term and in the next couple trading days, we will see a rebound. We are even looking for the market to regain lost ground today and we could close higher than the current level of 7,785 on the Dow. CNX is currently holding steady and trading in positive territory, if the market moves up, the stock will surge higher.
Enter here up to $1.90. We will exit with a 10-15% gain and we are looking to do so by tomorrow, so trade accordingly.
This trade is a sample of our Options Capitalist trading advisory service. For a free two week trial, click here.
Tags: Option Trade Option Recommendation Consol Energy Trade Recommendation
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 About Daniel Shepard (http://www.navivest.com/blog)
Daniel Shepard is an Equity Analyst with Navivest, a stocks and options trading advisory services company that provides trading ideas on a subscription basis. |
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