Today, I would like to make one more suggestion and it is on a stock that reports on June 25th.
The stock is McCormick & Co., Inc. (MKC).
MKC is trading at $172.46 as I write this.
I am going to recommend a debit spread using the front month June options.
Here is the trade.
Buy to Open June 19th - $175.00 call @ $2.30
Sell to Open June 19th - $180.00 call @ $0.80
The net debit will be $1.50 per spread, with a maximum gain of $3.50 per spread.
Based on the nominal portfolio, limit the trade to 4 spreads or 0.6% of the portfolio.
The trade allocation is small because I am suggesting you trade the front month contracts.
