Scott Bauer's Morning Trade: Buy MO 21 May 47.5 Puts

Scott Bauer gives his example trade of the trade in Altria (MO), buying the 21 May 47.5 puts for about $0.80. He says if you look back to Dec. 19/Jan. 20 there is some serious resistance, and this stock rarely trades with this much volatility. Bauer also notes from a technical standpoint, a trader would have to be bearish in stance.

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Scott Bauer's Morning Trade: Buy MO 21 May 47.5 Puts

Scott Bauer gives his example trade of the trade in Altria (MO), buying the 21 May 47.5 puts for about $0.80. He says if you look back to Dec. 19/Jan. 20 there is some serious resistance, and this stock rarely trades with this much volatility. Bauer also notes from a technical standpoint, a trader would have to be bearish in stance.

ON AIR
7:00 am
Futures

Get Market Minute

Daily insights for every investor

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