Investadvisor

Well Etrade has crushed since last week. The discount of the offering of its share was at $1.10. The offer has now closed. Now the stock trades at $1.24. Thats the perfect time to go long. And the reason is that Etrade is a cyclical stock meaning that is quite volatile. Etrade announces 2Q results at july 27th. The loss will be lower than the previous quarter meaning that the stock will overshoot once again but the rise will not last for long.
So the best strategy is to buy that stock right now and when it announce the results of 2Q write covered calls for August. That is a preservative action but will ensure you high returns.


This is my personal opinion and does not represent the market's analysts thoughts.