ACTIONS:

Take profits and sell to close half of the EMR March 49 calls (EMR160318C00049000, $0.90, up $0.30) at current levels.

Take profits and sell to close half of the INTC March 30 calls (INTC160318C00030000, $0.60, up $0.19) at current levels.

 

Dear Momentum Options Subscriber,

I have two Profits Alerts that have made us 50% in under 24 hours. With the type of action, I want to take partial profits in our Emerson Electric (EMR) and Intel (INTC) trades.

 

Emerson Electric (EMR, $48.09, up $1.47)

EMR March 49 calls (EMR160318C00049000, $0.90, up $0.30)

Entry Price: $0.60 (2/16/2016)
Exit Target: $1.20
Return: 50%
Stop Target: None

Action: Take profits and sell to close half of the EMR March 49 calls (EMR160318C00049000, $0.90, up $0.30) at current levels.

Intel (INTC, $29.37, up $0.59)

INTC March 30 calls (INTC160318C00030000, $0.60, up $0.19)

Entry Price: $0.40 (2/16/2016)
Exit Target: $0.80
Return: 50%
Stop Target: None

Action: Take profits and sell to close half of the INTC March 30 calls (INTC160318C00030000, $0.60, up $0.19) at current levels.

 

All prices given in this update are current as of 10:55 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.

Trade on!

Rick Rouse
Editor and Chief Options Strategist
Momentum Options