Our Hot Money monitor triggered a bullish alert in Yellow Corp. (YELL).
The options market in this stock is seeing an 800% increase of calls purchased in the October expiration.
Here's what I'm doing…
Buy-to-open the YELL October 15, 2021, $7.50/$10 call spread
At last glance, this is trading at $.30 per spread.
*A single leg could work since there's 65 days for this to play out, but I prefer to sell something and reduce what I pay.
Let’s manage our risk before entry and I’ll keep you updated every step of the way.