ACTION:

The Stop Limit at $0.60 was triggered on the HTZ April 11 calls.

Dear Momentum Options Subscriber,

I have another Profit Alert today for our position in Hertz Global Holdings (HTZ), as the Stop Limit for our call trade was triggered earlier this afternoon.

 

Hertz Global Holdings (HTZ, $10.24, down $0.45)

HTZ April 11 calls (HTZ160415C00011000, $0.60, down $0.22)

Entry Price: $0.55 (2/26/2016)

Exit Target: $1.10

Return: 9%

Stop Target: $0.60 (Stop Limit)

Action: The Stop Limit at $0.60 triggered following the stock’s backtest to support at $10.25 today, and we are now out of the position.

 

All prices given in this update are current as of 3:55 p.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