Last week, we discussed skip-strike butterflies on YHOO, and put on a paper trade. Today, we are looking at Gap Stores (GPS), and putting on a paper trade that is based on a neutral to bullish outlook.
Specifically:
- A review of last week
- What did we want YHOO to do?
- What did YHOO do?
- Time decay and expiration
- Taking a look at GPS
- Where is the underlying?
- What is the trading range?
- What is the outlook?
- Setting up the trade
- What is the maximum risk?
- What is the maxiumum upside?
