To receive further updates on this Charles Schwab Corporation (NYSE:SCHW) trade as well as an alert when it’s time to take profits, .
Today, we’re opening a new bullish trade on Charles Schwab Corporation (SCHW). Interest rates are rising on GDP and inflation expectations. There are some growth concerns, but, overall, this should be a big positive for brokers.
We like an entry here, as the market is a little soft, and these calls are relatively cheap. Rising interest rates have a direct impact on profit margins for the big discount brokers, which should help SCHW in the short term when they release their monthly numbers.
Buy to open the SCHW December 32 Calls (SCHW161216C00032000).
You can learn more about identifying price patterns and using them to project how far you think a stock is going to move in our .
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