Trade of the Day: Take-Two Interactive Software (TTWO)

Profit from strength in the leisure sector

   

This week my Power Stocks system is showing several leisure stocks without a care in the world.

Gamestop (NYSE:GME) is a real powerhouse, and is actually one of the strongest stocks overall out of the hundreds of stocks I track. Both Brunswick (NYSE:BC) and Activision Blizzard (NASDAQ:ATVI) are excellent buys with strong upside potential. Mattel (NASDAQ:MAT) is just beginning its upward trend, though it may be restricted by resistance.

These stocks are the best candidates for option trading or short-term stock trading. They are both volatile and liquid, two important characteristics of profitable options trading.

Take-Two Interactive Software (NASDAQ:TTWO) is another powerhouse. This stock is my pick for options in the leisure space.
Recommendation: Buy TTWO March 14 Call options at 70 cents or lower, when the stock price is around $12.50. After entry, take profits if the stock price hits $13.90 or the option price reaches $1.30. Exit if the stock price closes below $11.80 or the option price falls to 50 cents.

Ken Trester is editor of the popular Maximum Options program. 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.

 


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