MomentumOptionsTrading.com Weekly Wrap New Trades (KO, KOG, NLY) for 4/24/2014
1:15pm (EST)
We have a 3 New Trades for our Weekly Wrap. One is a strangle option trade, another is a stock trade with a juicy, safe dividend, and the third trade is a LEAP option trade.
Subscribers, check the Members Area/ Weekly Wrap Premium section for the New Trades!
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New Trades!!!
Coca-Cola (KO, $40.85, up $0.12) strangle option trade
Buy to OPEN June 41 calls (KO140621C00041000, $0.60, up $0.05)
Buy to OPEN June 40 puts (KO140621P00040000, $0.50, down $0.05)
Action: We love this STRANGLE option trade so make sure you buy both options. The premiums for both options is $1.10.
These options are a cheap was to play a possible move to $46 on the stock or a drop back below $40 to $38 over the near-term. The bulls and bears are fighting hard over this stock and we will talk about the beauty of this trade in this weekend’s update.
Buy Annaly Capital Management (NLY, $11.39, down $0.01) stock trade
Action: We are suggesting buying the stock at current levels.
Kodiak Oil & Gas (KOG, $13.57, up $0.25) LEAP option trade
Buy to OPEN September 15 calls (KOG140920C00015000, $0.72, up $0.10)
Action: We have been providing coverage of this stock since February for our Daily and are up nearly 50% on a June call option trade. We have talked about this company as a takeover target and we believe shares can trip $15+ without one. If shares can reach $17 by mid-September, the trade will easily make 100%-150%.