Buy Alert: June 8, 2015

| June 8, 2015

Buy Alert:  June 8, 2015


Trade Details

Buy KB Home (KBH) July 17th 15 Calls for $0.45 or better (lower)



Stocks are starting to break down a bit, but there’s not a whole lot of oomph behind the selloff.  That means we’re starting to see some nice buying opportunities.  Take KBH – the shares are ultra cheap at this level based on fundamentals.  Meanwhile, residential construction is through the roof and existing inventory is down.  That’s a great sign for homebuilders.

We’re going to buy July calls.  Conservative investors can take profits at $15.50.  Aggressive investors can hold up to $17.  For risk control, conservative traders should exit at $13.50, while more aggressive traders can hold down to $12.50.


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Category: OTW Buy Alerts