TheOptionPlayer.com sets up a U.S Real Estate ETF (NYSE: IYR) 22-day July 21st expiration long put option strategy. The suggestion is to submit an order to purchase the option strike price below (Thursday’s closing ask price).
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Why we recommend it:
We executed almost this exact same trade a few months ago that was extremely profitable. As evidenced in the updated chart below the U.S Real Estate ETF (NYSE: IYR) is pulling back from being extremely overbought. Speculation about whether the Fed will raise interest rates at their next meeting at the end of July might also put downward pressure on real estate investments. Also, investors have converted to trading “risk-on” rotating funds in-and-out of various equity sectors causing daily triple-digit stock moves. If the upcoming quarterly earnings season starts out well expect money managers to keep bidding up equites at the expense of “risk-off” assets like real estate.
Our target price to exit trade is $77
Projected gain is an approx. 200% profit
Regular www.theoptionplayer.com subscribers can attest to the preponderance of successful trades published on this website.
The information presented here is for educational and informational purposes only, and this document is not to be construed as an offer to sell, or the solicitation of an offer to buy, securities. Some investments are not suitable for all investors, and there can be no assurance that any investment strategy will be successful.