The Stop Limit of $1.00 triggered on the second half of the KBH October 16 calls.
Dear Momentum Options Subscriber,
I have a Profit Alert for one of our current trades this morning, as shares of KB Home (KBH) are in the process of testing fresh support.
KB Home (KBH, $16.35, down $0.06)
KBH October 16 calls (KBH151016C00016000, $1.00, down $0.15)
Entry Price: $0.52 (8/10/2015)
Exit Target: $1.50 (closed first half at $1.00 on 8/17/2015)
Stop Target: $1.00 (Stop Limit)
Shares of KBH have traded to a low of $16.15 today, and the options have slipped to a low of $0.98.
The Stop Limit of $1.00 triggered on the second half of the KBH October 16 calls, and we are now out of the position completely.
All prices given in this update are current as of 10:20 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.
Editor and Chief Options Strategist