Buy Alert: January 14, 2015

| January 14, 2015

Buy Alert:  January 14, 2015


Trade Details

Buy Pandora Media (P) March 21st 17 Calls for $1.45 or better (lower)



Pandora is one of those stocks that people either love or hate. Lately, the company hasn’t been in investors’ good graces, with the shares down 60% from the 52-week high. However, the industry just received a dose of good news from Spotify (one of P’s main competitors). It seems people are signing up for streaming music services in droves. And let’s not forget, Pandora is still the industry leader (and one of the only pure streaming services publicly tradable).

We’re going to buy March options. Conservative investors can take profits at $18.50. Aggressive investors can hold up to $21. For risk control, conservative traders should exit at $15, while more aggressive traders can hold down to $14.


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Category: OTW Buy Alerts