Trade Summary: June 12, 2017

| June 12, 2017

June 12, 2017

 

Trade Rationale

Summer is here!

I don’t know if it’s the 110 degree heat in the desert, or the number of people heading to the lake… I’ve just got that summer feeling.

And I’ve been looking at a bunch of summer stocks… like cruise lines.

Believe it or not, both the cruise companies have been growing steadily over the last few years… and in the last few weeks, both of the stocks I’m looking at today have pulled back a bit.

We should see these stocks rally into summer as investors look for good ways to deploy capital.

This gives us a perfect entry point to scoop up these options on the cheap.

Here are the trade ideas…

 

Trade Details

#1) Buy Carnival Corporation (CCL) Oct 20th $65 Calls up to $2.40

We’re watching for a continued rally in the stock. Exit for a profit if the stock runs to $67 or $69.  Conserve capital at $60 and $59.

Carnival Corporation

#2) Buy Norwegian Cruise Line Holdings (NCLH) Sep 15th $52.50 Calls up to $2.50

This stock has the potential to run very quickly!  Exit on the upside at $55 or $57.  For downside protection, exit at $48 or $47.

Norwegian Cruise Line Holdings

 

Category: AOA Trade Summary

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