With recent market sell off and Ebola scares, Shares of CCL (Carnival Corporation) and RCL (Royal Caribbean Cruises) are getting hammered - losing 13%-14% in about two weeks. Both Stocks reached a support area and I believe that the Ebola effect on those companies will not be as massive as market believes.This is why I'm looking to put a bullish trade on one of those stocks. Here is a quick summery of two possible positions:
CCL & RCL Trades
Out of the two - I'm putting a Naked put trade on RCL due to better fundamentals. The trade should expire before the earning date on Oct-20.
I'm Taking a position on only one of those stocks due to the current sell off. Though I'm still bullish, I want to see that the market finds support before taking regular size positions again.
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Leav Graves is the founder and CEO of Option Samurai and a licensed investment professional with over 19 years of trading experience, including working professionally through the 2008 financial crisis.
Leav GravesCEO