ACTION:

Sell to close the second half of the OPK March 7 puts at market open.

Dear Momentum Options Subscriber,

I have a Trade Alert this morning for the second half of our position in the Opko Health (OPK) March 7 puts. Shares closed Tuesday’s session above $9 after trading to a low of $8.58 and now is a good time to exit the trade.

 

Opko Health (OPK, $9.35, up $0.54)

OPK March 7 puts (OPK160318P00007000, $0.04, down $0.04)

Entry Price: $0.35 (1/25/2016)

Exit Target: $0.70

Return: -88.57%

Stop Target: None

Action: Sell to close the second half of the OPK March 7 puts at market open.

 

All prices given in this update are current as of 8:00 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