A letter of intent (LOI) is a document that states a party's tentative intention to doing business with another. The main elements of a potential agreement are described in the letter. LOIs are frequently used in significant commercial transactions and have a structure akin to term sheets. However, one significant distinction between the two is that while term sheets take the form of a listicle, LOIs are delivered in letter styles. A shareholder may also write a letter of intent to say that they intend to make investments in a particular amount of money at a particular period. Frequently, the shareholder would be entitled to lower sales costs in exchange for signing a letter of intent. A letter of intent cannot be enforced because it is not a contract.
The market has been range bound for the last few weeks with volatility on the decline, and earnings all over the place. So where to go to look for a trade? Nike has already had Earnings and is near a low of the year, so seems like a good option. As a contrarian that can mean only one thing to me: I have to make a trade with the assumption it will go up from here over the next 45ish days. We will do that by making a Long Call Vertical trade to bet that it starts to head up over the next couple months. For more on my trading and how to join me in real time, see below. Watch the video to get the details. Kal Trading Risk Disclaimer All the information shared in this video is provided for educational purposes only. Any trades placed upon reliance of SharperTrades.com are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, commodities, options and forex, there is also substantial risk of loss. All tr