Happy Father’s Day!

Hi Shoppers,

Happy Father’s Day to all you dads out there.

There are more than 70 million of you in the U.S.

But sorry, guys, Mother’s Day came first – it was made a holiday in 1908.

Dads didn’t get their due until 1972 when Richard Nixon made Father’s Day a federal holiday.

Maybe it’s because people figured dads would complain about families spending hard-earned money on gifts.

It’s worth it, though!

All you dads deserve praise and recognition – at least once a year anyway!

As we all know, parenting ain’t easy (especially these days).

Enjoy your day – and my gift to you:

A new trade idea!

Well, Well, Wells Fargo

Check out the Wells Fargo (Ticker: WFC) chart:

WFC formed a hammer (bullish signal of change in trend) on Thursday and we had confirmation on Friday.

I think WFC can trade back up to $40 – closing the gap created on June 13 – and from there possibly trade over $41.

As we have seen, any rally has been short lived so I am looking for a quick move higher.

I like buying the June 24 38.50 calls:

I would pay around $.75 for these if WFC opens and trades higher on Tuesday.

Thanks for Reading … See You Next Tuesday.

Licia Leslie

 

Licia Leslie

Licia Leslie

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About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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