Mike Khouw's Western Digital Corp. (WDC) Trade

Mike Khouw said on CNBC's Fast Money that investors should consider Western Digital Corp. (NYSE: WDC) for a trade. He explained that Morgan Stanley (NYSE: MS) upgraded this stock on Wednesday, and it looks like that all the bad news is already reflected in the price of the stock.

Mike Khouw recommended investors to consider a covered call strategy. He thinks that it would be a good idea to buy Western Digital Corp. (WDC) at $25, and sell the January 27 call for $2.25.

Western Digital Corp. (WDC) jumped 6.22% today, and closed at $25.66.

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