Brian Stutland's International Business Machines Corp. (IBM) Trade

On CNBC's Options Action, Brian Stutland said that he wants to take a long position in International Business Machines Corp. IBM. Mr. Stutland thinks that U.S. dollar is going to weaken, and that will be a positive sign for tech stocks. He thinks that this trade should be made with options, in order to reduce his risk. Brian Stutland wants to sell the July 140 put for $6.40. His break even is at $133.60, and above $140 he will collect the premium. Jon Najarian likes this trade, but Steve Cortes is a little bit suspicious. He explained that AAPL and Google GOOG were the leaders in the space, but they have stopped leading recently.
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Posted In: CNBCLong IdeasOptionsMediaTrading IdeasBrian StutlandComputer HardwareInformation TechnologyInternet Software & ServicesOptions Action
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