Buy Alert: December 17, 2015

| December 17, 2015

Buy Alert:  December 17, 2015

 

Trade Details

Buy Oracle (ORCL) January 15th 38 Calls for $0.60 or better (lower)

 

Why?

For our last trade of the year, we’re going to go with what’s been most successful for us in 2015 – picking oversold stocks and buying calls on them.  ORCL beat earnings last night but fell short on revenues.  The stock is down about 4% as I write this, which I believe is an overreaction.  The company’s cloud service is growing and the share price looks cheap based on forward earnings.

We’re going to buy January calls.  Conservative investors can take profits at $39.  Aggressive investors can hold up to $41.  For risk control, conservative traders should exit at $35.50, while more aggressive traders can hold down to $34.

 

 Recent Activity

Oracle

 

Category: OTW Buy Alerts