The Stop Limit at $0.85 has triggered on the SNE April 26 calls.
Dear Momentum Options Subscriber,
Shares of Sony (SNE) have pulled back today and are trading near $26. The backtest to support has triggered our Stop Limit, and we were able to squeeze a small profit out of the trade.
Sony (SNE, $26.03, down $0.44)
SNE April 26 calls (SNE160415C00026000, $0.80, down $0.25)
Entry Price: $0.72 (3/17/2016)
Exit Target: $1.45
Stop Target: $0.85 (Stop Limit)
Action: The Stop Limit at $0.85 has triggered on today’s backtest to $26, and we are now out of the position.
I will keep shares of SNE on my Watch List, but, for now, I’m on the sidelines.
All prices given in this update are current as of 12:00 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.
Editor and Chief Options Strategist