NEW DIRECTIONAL CALL PLAYS
SL Green Realty Corp. - SLG - close: 76.68 change: +1.96
Stop Loss: 73.99
Current Option Gain/Loss: + 0.0%
Time Frame: just a few days
New Positions: Yes, see below
Why We Like It:
In a recent editor's note I mentioned the REIT stocks had been showing strength. Following up on that idea I'm adding SLG as a bullish candidate. This is going to be a very short-term trade. We have five trading days until SLG reports earnings. If the stock fails to hit our target we will exit on April 27th to avoid holding over the report. Our target is $79.95.
FYI: The Point & Figure chart for SLG is bullish with a $94 target.
- Open Small Bullish Positions -
- Suggested Positions -
Buy the May 80.00 call (SLG1121E80) current ask $0.85
Entry on April 20th at $ xx.xx
Earnings Date 04/27/11 (confirmed)
Average Daily Volume = 800 thousand
Listed on April 19th, 2011