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While equity markets have just experienced a bearish "Brexit" shock, there are plenty of opportunities to the upside. When profit takers cover, equities can quickly change course and go against the collect sentiment of investors in a hurry. This means that last week's weak finish could offer an incredible discount on quality stocks that have become much cheaper.
Morgan Stanley ( MS ) is attractive financial play that's eager to recover from a recent downward gap in the charts. Support can be found just below the current price of the stock at $24.50-$24 per share, so it's a good time to play the risk-to-reward ratio game knowing that a stop can be placed close by should continued weakness materialize and knock us out of the position. And should the trade go our way, healthy gains would make this a worthwhile trade.
Buy to open the MS August 28 calls (MS160819C00028000).
Action: I like these call options at current levels.
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