By Karim Rahemtulla In yesterday’s Trade of the Day, I wrote to you about the AbbVie (NSYE: ABBV) trade in The War Room. I recommended members enter a Long-Term Equity Anticipation Securities (LEAPS) option trade that expires in 2021.
It was supposed to be a longer-term hold… but the market was very kind to us. I put out a sell alert for AbbVie yesterday, presenting nice overnight gains of up to 20%!
But it gets even better than that…
If you recall, my original plan was to recommend a spread trade. That’s when you buy or own one position and sell an option against that position. …read more
