Andrew Keene, purveyor of KeeneontheMarket.com, offers up his Trade Of The Day:
Trade of the Day (FTR) 1.27.2012
Trade: I bought the FTR May 4 Calls for $.55.
Profitable: I make money on this trade if FTR Closes above $4.55 by May 18, 2012.
Break-even: I break-even on this trade if FTR Closes at $4.55 by May 18, 2012.
Unprofitable: This trade is unprofitable if FTR Closes under $4.55 by May 18, 2012. The most I can lose on this trade is the amount I paid for these Calls, $.55.
Reason I like this Trade: I love this trade and I have seen these stock options trading heavily, but when I saw a customer sell 25,000 Feb 4 Puts for $.15, similiar to MWW I knew it was time to jump on board. I wanted to get LONG, but I wanted more time, not just until February, so I have 5 months of these Calls, I think this trade is a lay-up for some nice easy profit. Please feel free to email me with any questions at andrew@keeneonthemarket.com.
Read more about break by www.keeneonthemarket.com
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- Keene's Trade Of The Day: January 26 (snspost.com)
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PERL Mortgage
