MomentumOptions.com Profit Alert (VIAB) 4/21/2017
I have a Profit Alert for one of our current trades. I still like the VIAB position, longer-term, but shares are pulling back to their 50-day moving average.
Viacom (VIAB, $43.69, down $0.64)
VIAB June 47.50 calls (VIAB170616C00047500, $0.65, down $0.10)
Entry Price: $0.55 (4/18/2017)
Exit Target: $1.10
Stop Target: 60 cents (Stop Limit)
Action: Close the trade at current levels. The Stop Limit is on the verge of tripping on further weakness so let’s take profits.