The Options Trader’s Guide to Technical Analysis
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#10 CZZ April 10 Calls
By Bryan Perry, Cash Machine
What’s more “sweet” than sprinkling the “Big Dance” with a commodity play on the biggest sugar producer in the world. Located in, where else, Brazil,
Cosan Ltd. (CZZ) is the power forward in the sugar industry that is
enjoying a healthy rebound in form of demand and price.Citigroup (C) recently upgraded CZZ to “outperform.” The stock is breaking
out of a seven-month trading range at $9 and looks like a layup to $11-$12.My pick is the CZZ April 10 Calls (CZZ 100417C00010000).
Traders should see a 2-3 point spike in the stock getting this option trade to the Final Four and quite likely climbing the ladder to cut the net
down.
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