TOD Winner: Camden Property Trust

Dear Reader,

On July 11^th we looked at a monthly chart for Camden Property Trust, stock symbol: CPT.

As a reminder, Camden Property Trust is one of the largest publicly traded multifamily companies in the United States. Structured as a Real Estate Investment Trust, the company is engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities.

We noted that CPT’s monthly price was trading above the 10-Month Simple Moving Average, so the stock was on a powerful ‘Buy’ Signal.

Since CPT’s 1-Month Price was trading above the 10-Month SMA, we decided to look at a potential call option purchase for the stock. We decided to look at the CPT July 19^th 2024 100-strike call which was trading at 9.40.

Fast forward to option expiration on July 19^th, just over one week later, and the stock was up 3.3%. Now, this may seem like a small move for the stock, but this was a big move for the option.

At the market close on July 19^th the option was trading at 12.65. That means if we had taken the trade we would have had a $325 or 34.5% return on the option! Not bad for one week!

The leverage provided by call options allows you to maximize potential returns on bullish stocks.

The Hughes Optioneering Team is here to help you identify profit opportunities just like this one.

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Wishing You the Best in Investing Success,

Chuck Hughes

Editor, Trade of the Day

Have any questions? Email us at dailytrade@chuckstod.com

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