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Alan Knuckman's SunPower Trade

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Speaking on Bloomberg Markets, Alan Knuckman of Bulls Eye Option suggested a bullish options strategy in SunPower Corporation (NASDAQ: SPWR).

He thinks that the stock is oversold and he expects to see a bounce back to $12. To make a bullish bet, Knuckman wants to buy the January 5 call for $2.75. The trade breaks even at $7.75 or 5.30 percent above the closing price on Monday. If the stock rallies to $12, Knuckman is going to make a profit of $4.25 on this trade.

Posted-In: Alan Knuckman Bloomberg MarketsOptions Markets Media

 

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