Manoj Ladwa – Head of trading at TJM Partners – joined Zak Mir and Mike Ingram in the Tip TV studio to discuss Imperial Tobacco, as well as how indices may see some upside towards the end of the year.
Option plays on potential Imperial Tobacco takeover.
With Imperial Tobacco gaining a lot of press, Ladwa believes that if an M&A deal is imminent, there may be opportunities for an options play on the deal. This would aid in limiting risk as the share price might become more volatile as more news begins to break.
FTSE 100 and DAX to rally?
Ladwa believes that the FTSE 100, which is finding some momentum this week, could reach 6500. Zak Mir noted that this move was similar to the turnaround at the start of the year, and there could be a lot more upside if commodities can recover.
He also covered August’s bear trap in the DAX, and Ladwa is a buyer on dips around 9500 as if it holds this level, it could rally towards 11000 by the year’s end.a
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