Fleetcor Technologies (FLT) Likely to Cross $200 Mark
Two recent analyst upgrades suggest Fleetcor Technologies stock will cross the $200 point as Deutsche Bank has raised their price targets to $225 and Jefferies has raised their target to $218.
____________ advertisment ______________
Download your complimentary Intro to Technical Analysis guide
After a short course in the who, what, when, where and why of technical analysis, this guide will cover the ground from trendlines to popular market studies, as well as how to apply technical analysis to your own trading. Download It Today!
______________________________________
Technicals
FLT posted a sixth consecutive week of gains in the past week and closed at an all-time record high. In fact, the stock has only had three down weeks in the last 19 and each one of those declines was not very significant. A rising trendline is in play that originates from a low posted in September and offers support near the $190 price point where the 20-period daily moving average is also found to add confluence.
*source Tradingview.com
If you agree there's further upside ahead for Fleetcor Technologies, consider this trade which is a bet that the stock will continue to advance, or at least not decline very much over the next seven weeks.
Buy To Open FLT 16Feb18 185 Puts (FLT180216P185)
Sell To Open FLT 16Feb18 190 Puts (FLT180216P190) for a credit of $1.78 (selling a vertical)
This price was $0.02 less than the mid-point of the option spread when FLT was trading near $192. 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 FLT closes at any price above $190 on February 16, 2018, both options would expire worthless, and your return on the spread would be 54% (431% 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 ______________
Biggest Scam Against the American People Exposed
This is the story of your enslavement. You have nothing saved, and you owe on your house, car and credit card. This was no accident. Learn why 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
|