ACTIONS:

$0.57 Stop Limit triggered on the HILL September 7.50 calls.

$0.85 Stop Limit triggered on the HILL December 7.50 calls.

Dear Momentum Options Subscriber,

I have Profit Alerts for two of our current trades. Although I’m disappointed that we are now out of both of our positions in Dot Hill Systems (HILL), each trade made a slight profit, and we avoided losses by having Stop Limits in place.

 

Dot Hill Systems (HILL, $7.08, down $0.33)

HILL September 7.50 calls (HILL150918C00007500, $0.50, down $0.32)

Entry Price: $0.55 (5/21/2015)

Exit Target: $1.10

Return: 4%

Stop Target: $0.57 (Stop Limit)

 

HILL December 7.50 calls (HILL151218C00007500, $0.85, down $0.35)

Entry Price: $0.80 (5/21/2015)

Exit Target: $1.60

Return: 6%

Stop Target: $0.85 (Stop Limit)

The Stop Limits on the HILL December 7.50 calls and the HILL September 7.50 calls have triggered following this morning’s backtest to $7, and we are now out of both trades.

I will likely be back to play this name again, but we need to see shares build a base before getting back in.

 

All prices given in this update are current as 11:10 a.m. EST.

I hereby disclose that I will be participating in the aforementioned trade(s). Every new Momentum Options recommendation is listed with the price at which I entered my own position. If the price is slightly different than my recommended entry or exit price when you receive the alert, don’t let that keep you from getting into or out of a trade. Occasionally, you might even get a better “fill” price than what is posted in the Open Trades and Closed Trades.

Note: Our website is undergoing maintenance Monday, June 15, and not all features, such as the open and closed trades, may be available during the update. We are aware of the issue and working to resolve it as quickly as possible.

Trade on!

Rick Rouse
Editor and Chief Options Strategist
Momentum Options