Novice Trade: CBOE Holdings

The CBOE Holdings (CBOE) Oct 100 calls that I put out on a few weeks back are now worth about $4.85 a contract. That's about 300% return. Yet, I think there is more upside.

Let's put it this way, there is no company that loves the current administration more than CBOE Holdings. Why? Because every time the President opens his mouth, 10,000 VIX futures trade and VIX calls start flying. They are going to continue to break records for volume over the fall, and the purchase of BATS just makes them all that much better as an exchange. I would be a buyer of the Oct 105 calls for about $1.75, with the goal to sell them when CBOE gets over $105....10 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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