1:20pm (EST)

We have 2 NEW TRADES for our Weekly Wrap that we are adding today.  One is an old favorite that we believe will make 30% over the next few months while the other is a Financial sector play that could make as much as 50% over the next 6-12 months.  We believe the company is an excellent takeover candidate.

Subscribers, check the Weekly Wrap Premium section for the New Trades!

 

Members Area

NEW TRADES!!!

Dendreon (DNDN, $4.91, up $0.30)

Sell to OPEN August 6 calls (DNDN130817C00006000, $0.55, up $0.13)

Action:  We like the stock at current levels and for every 100 shares of stock you buy, sell the August 6 calls for 55 cents to lower the cost basis to $4.36.

 

Genworth Financial (GNW, $9.88, up $0.01)

Action:  We like shares at current levels and we will wait to sell an option against the position.