Sell $30 December 17 IGT Calls

In today’s trade recommendation on IGT, I had used an incorrect strike price. The correct trade recommendation is to write $30 December 17 calls.

Here is the buy write: Buy 100 IGT ($29.17 current price), and sell to open one contract of $30 December 17 calls. Placing your order as a combined buy write, use a net debit (stock price minus premium) of $27.95 or lower. Achieving this price or better should be quite possible as the current midpoint is $27.84.