July 10, 2013 Trade Alert - Terry’s Trades Portfolio

YUM has moved strongly higher and the whisper number exceeds expectations, two indications that the stock may fall after tonight’s announcement:

BTO 5 YUM Aug-13 75 calls (YUM130817C75)
STO 5 YUM Jul2-13 72.5 calls (YUM130712C72.5) for a credit of $.18  (buying a diagonal)
 
Be prepared to change this price limit by $.02 or more in order to get an execution.

Happy trading.
 
Terry