Trade of the Week: E-Trade Financial

M&A, Options, Videos

The share price of E-Trade Financial (ETFC) soared last week on news of a Morgan Stanley (MS) buyout offer. MS is expected to acquire ETFC for $13 billion. The news sent the stock from $45 to as high as $57 on the open the day the acquisition was announced.

ETFC became a buyout target once consolidation started to occur in the brokerage industry to make up for vanishing commissions. I recently had recommended a trade buying March 13th calls at $0.71 in ETFC. Just over one week later, we were able to sell those calls out for around $10.80, a roughly 1,420% gain.

How You Could Turn “Extra Cash” Lying Around Your House into Thousands of Dollars In as Little as 23 Days

Think about all the loose “extra cash” lying around your house right now.

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[FREE DOWNLOAD] 10 Simple Rules for Trading Options Like a Pro

[FREE DOWNLOAD] 10 Simple Rules for Trading Options Like a Pro

Follow these 10 simple rules from 20-year professional options trading veteran, Jay Soloff and start earning a reliable extra income from options.

 

NO prior experience needed to master these 10 simple options trading rules. 

 

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