Trade Summary: July 3, 2017

| July 3, 2017

July 3, 2017

 

Trade Rationale

I want to wish everyone a happy 4th of July!

Today was a half day in the market… they take a lot of holidays on Wall Street, don’t they!  Market are closed now… and are closed tomorrow too, so look to make this trade early Wednesday morning.

Right now, I’m seeing some great values in the market.  First off is NRG Energy.  They are a top player in the energy market, and the stock has pulled back from the highs of over $18 a share we saw in April.

I’d grab these options on the thought that this stock will climb significantly in the next few months!  

The other trade is CenterPoint Energy… another way to play the growing economic trends.  With demand for energy rising – due to increased economic activity – I believe this stock could rally too!

Here are the trade ideas…

 

Trade Details

#1) Buy NRG Energy (NRG) Dec 15th $18 Calls up to $1.60

We’re watching for a continued rally in the stock. Exit for a profit if the stock runs to $18.50 or $20.  Conserve capital at $16 and $15.

NRG Energy

#2) Buy CenterPoint Energy (CNP) Nov 17th $28 Calls up to $1.40

Watch for this stock to rally higher… exit on the upside at $29.50 or $31.  For downside protection, exit at $26.50 or $25.

CenterPoint Energy

 

Category: AOA Trade Summary

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