Loading...
Loading...
On CNBC's Trading Nation, Andrew Keene recommended a long position in MGM Resorts International MGM. He said the stock is trading close to its resistance, but he expects it to break above the resistance and reach $35.
Keene is bullish on MGM Resorts International, because he noticed a big call options activity. He wants to initiate a long position by purchasing the June 30/35 call spread for $1.50. The trade breaks even at $31.50 or 7.40 percent higher and it can maximally make a profit of $3.50.
© 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