Market Overview

My goal is to be on stage with my computer and let you
see my screen and make sure you know what buttons to
press, where you’re getting in & out, how to calculate
risk, your targets — all of those things.
It’s real-life trading. Make sure you sign up!
- Jerremy Newsome
GET TICKETS

Alan Knuckman's Petrobras Trade

Share:

Alan Knuckman of Bulls-Eye Option said on Bloomberg Markets that he would buy Petroleo Brasileiro SA Petrobras (ADR)(NYSE: PBR), because it could benefit from the strength in crude oil.

He added that crude oil bounces back after each push lower, which makes him believe it could make a move toward $60. Knuckman thinks a move higher in crude oil could push Petrobras toward $16.

He wants to exploit a potential move higher by purchasing the January 2018, 7 strike call for $4. The trade breaks even at $11 or 5.57 percent above the current market price and if the stock moves to $16, Knuckman would have a return of more than 100 percent.

Posted-In: Alan Knuckman Bloomberg MarketsOptions Markets Media

 

Related Articles (PBR)

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial

Instagram's User Base Grew 10 Times Faster Than Twitter

Pete Najarian Sees Unusually High Options Activity In eBay