Considering the casino space is ripe with speculative takeover talk, how should you position yourself?
With all the momentum in the space, Mike Khouw of Cantor Fitzgerald suggests using options.
Here's his trade in IGT .
IGT options chain - stock at $19.40
Buyer of July 21 call for $0.75
Seller of July 23 call for $0.25
How Khouw’s Trade Makes Money
Profit capped at $23
Profit above $21.50
Losses below $21.50
Find out more about this trade. Watch the video now!