Schwab Corp. (SCHW)
May 20, 2013
ACTIONS: Sell to close the SCHW Sep 18 Calls for $1.80 or more
Dear fellow Big Money Options Traders,
Schwab (SCHW) has spiked from $16 to $19.25 during the month of May. In the past few trading days, Barclays and Keefe Bruyette downgraded the stock to underperform. Given the run and the mounting negative institutional pressure, we recommend closing this position. Our opening limit price was $1.05. At $1.80, we exit the position with more than a 70% profit.
Have a good week trading.
Nick Atkeson and Andrew Houghton
Big Money Options