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Trade of the Day: Krispy Kreme Doughnuts (KKD)

Try Krispy Kreme for a sweet options trade


Krispy Kreme (KKD), a stock we’ve traded options on before, is lighting up again on my Power Options scanner. Its showing what I call a “reestablished buy” pattern in which the stock has come back from a temporary downtrend to rally again.


Since the last time we traded KKD, it’s up 7%, and it looks like it has even more room to run in the short term. Long-term prospects are bullish as well, and the stock shows support at $20.

Recommendation: Buy KKD Oct 24 call options at $1.10 or lower. After entry, take profits if the stock price hits $25 or the option price reaches $2.40. Exit if the stock price closes below $21.40 or the option price falls to 70 cents.

InvestorPlace advisor Ken Trester has launched Power Options Weekly. This brand new weekly service delivers 5 new trades to you each Friday. It’s the perfect ‘bridge’ between investing in ordinary stocks and the turbocharged world of options trading. Trester has been trading options since the first exchanges opened in 1973 with a winning streak that goes back to 1984 with money-doubling average annual profits since 1990. Try Power Options Weekly today and receive 2 weeks for the price of 1 for only $19.95.

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