We’ve been in our bullish play on Bank OZK (Nasdaq: OZK) for just under six weeks. The $30-strike call options we purchased for $2.82 are now selling for roughly double what we paid for them.
Today, I’m recommending you reduce your exposure to consumer staples stalwart J.M. Smucker (NYSE: SJM) by selling a portion of the call options I recommended purchasing on October 6.
I’m recommending you make two trades this week. One to close out our existing position on Sterling Construction Co. (Nasdaq: STRL) for a small loss. The other to add exposure to the market’s latest momentum move in energy stocks.
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