Consider CoreSite Realty Corp (COR) Following the Technical Break
everal analysts have recently published a bullish outlook for Coresite Realty Corp, here are two of them – Jefferies Reiterated CoreSite Realty (COR) As a “Buy”; They Now Have a PT Of $135 and CoreSite Realty Corporation (COR) Upgraded at ValuEngine.
____________ advertisment ______________
Step 1: Buy these 5 ETFs Now...
TQQQ. FAS. UPRO, plus two additional ETFs revealed in this FREE REPORT. Step 2: Follow the simple strategy inside this free trading guide and step 3: Collect as much as $16,978.31 in a week. Full list of ETF's and strategy that has generated over $9.9 Million in cash payouts steadily now for 10 years. Revealed Here...
______________________________________
Technicals
From a technical perspective, COR consolidated within a descending triangle pattern after posting a high at the end of August. An upside break was seen earlier this month and a pullback following the technical break was met by buyers near the 20-period daily moving average which confluences with a horizontal level at 113.55. This area is now considered strong downside support and the triangle break suggests a continuation of the longer term bullish trend. On a monthly chart, COR is on track to post a morning star bullish candlestick pattern.
*source Tradingview.com
If you agree there's further upside ahead for CoreSite Realty, consider this trade which is a bet that the stock will continue to advance, or at least not decline very much over the next eight weeks.
Buy To Open COR 19Jan18 110 Puts (COR180119P110)
Sell To Open COR 19Jan18 115 Puts (COR180119P115) for a credit of $1.78 (selling a vertical)
This price was $0.02 less than the mid-point of the option spread when COR was trading near $118. Unless the stock rallies quickly from here, you should be able to get close to this amount.
If you use our favorite broker for this trade, tastyworks, your commission on this trade will only be $1 per opening contract ($2 per spread) (and there is no commission on closing trades, only the $.10 clearing fee). Each contract would then yield $176 and your broker would charge a $500 maintenance fee, making your investment $324 ($500 – $176). If COR closes at any price above $115 on January 19, 2018, both options would expire worthless, and your return on the spread would be 54% (374% annualized).
____________ advertisment ______________
Give Me 9 Minutes a Week and I Guarantee You $67,548 a Year
Master trader Jim Fink trades the market for extra cash... and averages $185 per day. $185.06 to be exact. That adds up to $67,548 per year, and if you follow his strategy, you can do the same thing yourself. Why not? All it takes is nine minutes a week. And you don't have to invest a dime up front.
Go here to see if this $67,548-a-year system is for you.
______________________________________
Changes to Investor’s Business Daily (IBD) Top 50 This Week:
We have found that the Investor’s Business Daily Top 50 List has been a reliable source of stocks that are likely to move higher in the short run. Recent additions to the list might be particularly good choices for this strategy, and deletions might be good indicators for exiting a position that you might already have on that stock.
As with all investments, you should only make option trades with money that you can truly afford to lose.
Happy trading,
Terry
____________ advertisment ______________
Options Trading Made Even Easier
Learn how to trade options simply, effectively and more importantly, profitably. You need to stop wasting time using bad methods and follow a proven winner. No matter your account size or skill level, this guide will have you feeling like a pro. Download your free copy of The Ultimate Guide To Trading Options and get my personal Trading Cheatsheet.
This link expires soon and you can only get this guide here.
______________________________________
Any questions? I would love to hear from you by email (terry@terrystips.com), or if you would like to talk to our guy Seth, give him a jingle at 800-803-4595 and either ask him your question(s) or give him your thoughts. seth@terrystips.com
You can see every trade made in the actual option portfolios conducted at Terry’s Tips and learn all about the wonderful world of options by subscribing here. Why wait any longer to make this important investment in yourself? I look forward to having you on board, and to prospering with you.
Terry
|