Standard Service Trade Alert: New Trades
The market may have put in a short term low on Monday which opens the door for a week or two of rally before turning back down, enough to pick up 35-50% on these trades, more if the rally extends. There are six and one-half weeks left until July expiration, less the first week of July which is probably a throw-away week due to July 4th occurring on a Thursday. Expect to take that entire week off.
Buy Signal: AXP (American Express)
Option: Buy to Open July $115 call (around 4.50)
Buy Signal: DIS (Disney)
Option: Buy to Open July $135 call (around 3.30)