Mike Khouw's CVR Energy, Inc Trade

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On CNBC's Options Action
, Mike Khouw said that if you own shares of CVR Energy, Inc.
CVI
, you should consider selling call options against your long position. Mike Khouw would sell the June 30 calls in CVR Energy, Inc. (
CVI
) for $2.10, which is approximately 7.5% of CVI's current price. With this trade you would keep some upside potential, but if the stock jumps to $32.10, you would get called away. CVR Energy, Inc. (
CVI
) fell 0.07% today, and it closed at $27.60.
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: CNBCLong IdeasOptionsMarketsMediaTrading IdeasMike Khouw
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