Intercontinental Exchange - ICE - close: 82.42 change: -2.85 stop: 75.95
Why We Like It:
I'm suggesting readers buy calls on a pull back into the $80.50-77.50 zone. ICE like many of the exchange stocks can see some volatile intraday moves so I'm listing our first stop loss at $75.95. If triggered at $80.50 our first target is $84.85. Our second target $89.75 and this time I'm listing a third target at $97.00. We do not want to hold over the early May earnings report.
BUY CALL MAY 80.00 ICE-EP open interest= 697 current ask $9.50 BUY CALL MAY 85.00 ICE-EQ open interest=1621 current ask $6.90 BUY CALL MAY 90.00 ICE-ER open interest= 841 current ask $4.80