MomentumOptionsTrading.com Profit Alert (MGM)/ New Trade for 8/6/2013

10:35am (EST)

We got a nice open on shares of MGM Resorts International (MGM, $17.41, up $0.86) this morning as we have been calling for a breakout to new highs. The 2 call options we recommended in late July are up triple-digits so it’s time to ring the register on the remaining August call options, up 135%, and HALF of the September call options, up 102%.

We will leave a little on the table to play possible further gains in MGM but we will be playing with the house’s money with a Hard Stop on the other half of the September calls.

Subscribers, check the Members Area for the Profit Alerts/ New Trade and we will be back shortly with our Midday Update.

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MomentumOptionsTrading.com Profit Alert (MGM)/ New Trade for 8/6/2013

CFTC Disclosure: