Xilinx Stock Is Surging In Q4: Can This Option Trade Net You $845?

Xilinx (XLNX) has been a hot stock lately, rallying from 130 in early June to 220 in November. Its 50% gain in the fourth quarter so far tramples over a 9% move up by the S&P 500.


Perhaps now the leading tech stock needs to go through some sideways consolidation before it can start the next leg of the rally. If that occurs, traders might like to look at a butterfly-spread option trade on XLNX stock.

Butterfly spreads profit when the stock stays within a defined range, ideally with…

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