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Alan Knuckman's Bullish Morgan Stanley Trade

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Agora Financial's Alan Knuckman spoke on Bloomberg Markets about a bullish options trade in Morgan Stanley (NYSE: MS).

He wants to buy the June 35 call for $7. The option is $4.60 in the money and the trade breaks even at $42 or 6.06 percent above the current market price. Knuckman thinks the banks might bounce because they made new lows, but they didn't make new highs in the volatility.

Posted-In: Alan Knuckman Bloomberg MarketsOptions Markets Media

 

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