New Trade (JBL)/ Profit Alert (TSEM) for 2/13/2017

10:30am (EST)

I have a New Trade (JBL) I want to get us into this morning along with a Profit Alert (TSEM).


New Trade!

Jabil Circuit (JBL, $25.57, up $0.21)

Buy to Open JBL March 25 calls (JBL170317C00025000, $0.65, up $0.05)

Action: I like these call options at current levels and you can use a Limit Order up to 85 cents to get the best fills. These are the regular JBL March 25 calls that expire on March 17th, 2017. I will provide the parameters of the trade in today’s midday update.


Profit Alert!

Tower Semiconductor (TSEM, $22.85, up $0.78)

TSEM March 23 calls (TSEM170317C00023000, $0.80, up $0.15)

Entry Price: $0.45 (2/7/2017)
Exit Target: $0.90
Return: 78%
Stop Target: None

Action: Close half the trade at current levels. I will update the position in a couple of hours.