"I Beat The Market Trading 1 Day Per Week. Learn How."

Steven Brooks dominates the market buying stocks for a 99% discount and getting paid to do so!

Join Steven for a FREE training session and learn Steven's secret to timing his trades to see massive returns.

Hurry, seating is extremely limited.

Join Now

Calpine Corporation, a wholesale power generation company, owns and operates natural gas-fired and geothermal power plants in North America. Today a trader bought over 2,500 CPN May 22 Calls for $.60 debit. This trader has the right, but not obligation to buy 250,000 shares at $22 between now and expiration. I got into this trade a little too late, but I think CPN can move higher as the options activity that we saw was 30 times the usual volume it trades in a day. I think that CPN can trade north of $23, so I bought the CPN May 22 Calls for $.80 debit. Lets break down this trade.

The Trade: I bought the CPN May 22 Calls for $.80
Risk: $80 per 1 lot
Targets: $.95, $1.10, and $1.25

Greeks of this Trade:
Delta: Long
Gamma: Long
Theta: Short
Long: Vega

Andrew Keene

Pin It on Pinterest

Share This

$7 Options Master Strategy

Check out trading tycoon, Serge Berger, as he reveals the master of all options strategies below.

Watch Now

Get Our Free Daily Trading Videos

Delivered To your Inbox

By submitting your information you agree to our Terms of Service and our Privacy Policy