Buy Alert: March 11, 2016

| March 11, 2016

Buy Alert:  March 11, 2016

 

Trade Details

Buy Box (BOX) April 15th 12 Calls for $1.10 or better (lower)

 

Why?

BOX is a relatively new public company specializing in cloud-based content management.  The company surprised a lot of people by posting excellent earnings this week.  The stock shot up above $14 before profit-taking knocked the share price down to just over $12 today.  However, the earnings report paints a very rosy picture about the near-future for BOX.  Once the fickle investors are finished taking profits, money should come flowing back in.

We’re going to buy April calls.  Conservative investors can take profits at $13.50.  Aggressive investors can hold up to $15.  For risk control, conservative traders should exit at $10.50, while more aggressive traders can hold down to $9.

 

Recent Activity

Box

 

Category: OTW Buy Alerts