Michael Khouw Comments: Options Action: Joy Global

July 20, 2010, CNBC

If you’re optimistic about Joy Global [JOYG  55.61    0.76  (+1.39%)   ], rather than just going long, Mike Khouw of Cantor Fitzgerald recommends a bullish trade using options!

He suggests a buy write strategy in which an investor buys the stock at $54 and sells the Aug 55 calls for $2.50.