NEW DIRECTIONAL CALL PLAYS
Cigna Corp. - CI - close: 70.84 change: -0.20
Stop Loss: 69.75
Current Option Gain/Loss: Unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below
Why We Like It:
The managed healthcare stocks have been showing relative strength in recent sessions. CI hit another all-time high this morning. We like the momentum and healthcare names are normally seen as more defensive plays during market turmoil.
We are suggesting small bullish positions if CI can trade at $72.05. If triggered our target is $74.85.
FYI: The Point & Figure chart for CI is bullish with an $82 target.
Trigger @ 72.05
- Suggested Positions -
Buy the Aug $75 call (CI1319H75) current ask $2.25
Entry on June -- at $---.--
Average Daily Volume = 1.8 million
Listed on June 24, 2013