ACTION:

Sell to close the GDOT August 25 calls at current levels.

Dear Easy Money Options Subscriber,

Shares of GDOT will need to clear $25.80 in two weeks and I don’t like those odds. I would rather save the remaining premium for a new trade than watch the rest of premium go up in smoke.

 

Green Dot (GDOT, $24.16, up $0.50)

GDOT August 25 calls (GDOT160819C00025000, $0.20, down $0.30)

Entry Price: $0.80 (7/7/2016)

Exit Target: $1.60

Return: -75%

Stop Target: None

Action: Sell to close the GDOT August 25 calls at current levels.

Shares will need to clear $25.80 in two weeks and I don’t like those odds. I would rather save the remaining premium for a new trade than watch the rest of premium go up in smoke.

 

I hereby disclose that I will be participating in the aforementioned trade(s).

Trade on!

Rick Rouse
Editor and Chief Options Strategist
Easy Money Options