Member-only content. Please Login or get a free trial of Rick's Picks to view.
$ DIA – Diamonds Trust (Last: 88.27)
I haven't offered a Pick of the Day in some time, but the delicacy of today's upside target will lend itself to the kind of tight stop-loss that should appeal to the risk-averse novice. The target lies at precisely _____, so I'll recommend shorting _____ with an _____ stop-loss. To initiate the trade, you can short the Diamonds (200 shares) or buy two August 89 puts (DAVTK). The latter should be trading for around _____, but you may be able to improve on the price by monitoring the bid/asked spread as the underlying approaches the target.
...
Comments on this entry are closed.