Trade Of The Week: 20% 1 Week Return Going Long A Cheap, $140B Name With a 5% FCF Yield

Last week was another success, the call spreads I suggested selling at the 430 level expired worthless as the SPY didn’t approach the 200 day average even with the monster run it had. This week I’m going to focus on a fairly cheap name thus allowing me to get more aggressive to the point I’m not concerned if I’m put this stock because it has a great setup, lots of bullish options activity, and a cheap valuation at under 20x earnings.

The Trade