Mike Khouw said on CNBC's Fast Money that investors should consider a bullish trade on CSX Corporation CSX, ahead of earnings.
CSX Corporation (CSX) will post earnings on July 12th, and the option prices are suggesting a 6.5% move on the earnings day.
Mike Khouw wants to make a bullish trade and sell the August 47 puts for $2.25. This stock has been hit hard, but things are starting to look better now, thinks Mike Khouw.
CSX Corporation (CSX) gained 3.85% today and closed at $49.31. It had a volume of 5.94M traded shares.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in