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Transunion (TRU): A Stable and Consistent Player
Several analysts have recently refreshed their bullish outlook towards Transunion. UBS Asset Management has increased their stake in the company and both Morgan Stanley as well as Deutsche Bank have raised their price targets to $50.
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Technicals
MTSI has been in an uptrend since late 2012 and broke to an all-time high in the past week. The technical break followed an 8-week consolidation below a horizontal resistance level at $61.25 which is now viewed as strong support. MTSI surged above the level on Thursday and held near its highs into the weekly close to offer confirmation of a sustained bullish break.
Transunion has been trading higher within a rising trend channel since the middle of February. After testing the lower line of the trend channel in the past week, the stock recovered to hit a fresh 52-week high. The $44.45 level held the stock price lower for a month prior to finally breaking above it earlier this month. The level is now viewed as support and its proximity to the 20-day moving average as well as the channel bottom emphasizes the area as strong support.
*source Tradingview.com
If you concur that there's further upside ahead for Transunion, consider this trade which is a bet that the stock will continue to advance, at least a little.
Buy To Open TRU 15SEP17 45 Puts (TRU170915P45)
Sell To Open TRU 15SEP17 46 Puts (TRU170915P46) for a credit of $0.46 (selling a vertical)
This price was $0.02 less than the mid-point of the option spread when TRU was trading just above $45. 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 $44 and your broker would charge a $100 maintenance fee, making your investment $56 ($100 – $44). If TRU closes at any price above $46 on September 15, 2017, both options would expire worthless, and your return on the spread would be 78% (624% annualized).
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Changes to Investor’s Business Daily (IBD) Top 50 This Week:
IBD Underlying Updates July 14, 2017
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. The Terry’s Tips portfolio which places spreads like the above one has gained 114.7% so far in 2017 in spite of incurring some losses on some of the spreads placed. 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
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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
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