Market Overview

Alan Knuckman's SunPower Trade


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


Related Articles (SPWR)

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

Strong 2017 Prompts Vetr To Call Buy On NextEra Energy Partners

Vetr Issues Strong Buy As Cyberark Takes A Hit