NEW DIRECTIONAL CALL PLAYS
Honeywell Intl. - HON - close: 86.69 change: +0.53
Stop Loss: 84.75
Current Option Gain/Loss: Unopened
Time Frame: 8 to 10 weeks
New Positions: Yes, see below
Why We Like It:
HON is in the industrial goods sector.
The company reported earnings last week on the 18th. The beat by a penny but missed on the revenue number. Management offered generally positive guidance. This week the company raised its dividend by 10%. The stock is only a few cents away from a new all-time closing high. The intraday high was $87.55 from September 19th.
I am suggesting a trigger to buy calls at $87.65. If triggered our multi-week target is $98.50.
Trigger @ 87.65
- Suggested Positions -
Buy the 2014 Jan $90 call (HON1418a90) current ask $1.25
Entry on October -- at $---.--
Average Daily Volume = 2.9 million
Listed on October 23, 2013