United Technologies (UTX) had a rough week despite reporting solid second-quarter results and raising the low-end expectations for the year. However, the stock appears to be stabilizing today and is nearing support. I want us to position ourselves for its next bounce and buy to open UTX August $106 calls (exp. 8/16) at $3.30 or under. This is an aggressive trade.
UTX August $106 Calls: New Aggressive Trade
United Technologies (UTX) had a rough week despite reporting solid second-quarter results and raising the low-end expectations for the year. However, the stock appears to be stabilizing today and is nearing support. I want us to position ourselves for its next bounce and buy to open UTX August $106 calls (exp. 8/16) at $3.30 or under. This is an aggressive trade.