On CNBC's Options Action, Mike Khouw said that if you own shares of CVR Energy, Inc. CVI, you should consider selling call options against your long position.
Mike Khouw would sell the June 30 calls in CVR Energy, Inc. (CVI) for $2.10, which is approximately 7.5% of CVI's current price. With this trade you would keep some upside potential, but if the stock jumps to $32.10, you would get called away.
CVR Energy, Inc. (CVI) fell 0.07% today, and it closed at $27.60.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in