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On CNBC's Fast Money, Brian Stutland recommended a long position in CIGNA Corporation
CI. He thinks that using options is the best way to trade CIGNA (
CI), because his risk is limited.
His strategy involves a purchase of the January 33 call for $3.80. The break even in this trade is at $36.80, and above that level he will be able to exercise his call option, and get unlimited exposure to the upside.
CIGNA Corporation (
CI) gained 0.99% today, and closed at $35.66. CI had a volume of 2.52M traded shares.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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Posted In: CNBCLong IdeasFast MoneyOptionsMediaTrading IdeasBrian StutlandHealth CareManaged Health Care
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