Loading...
Loading...
Scott Bauer of Prosper Trading Academy shared with the viewers of Bloomberg Markets his bullish options trade in Foot Locker, Inc. FL. He thinks it's trading at a major support level and he wants to open a long position ahead of Friday morning earnings report.
Bauer wants to buy the May 56/60 call spread for $1.25. The trade breaks even at $57.25 or 5.63 percent above the current stock price. If the stock trades to $60 or higher at the May expiration, the trade is going to reach its maximal profit of $2.75.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in