MomentumOptions.com Profit Alert (SPCE) for 1/13/2020

3:10pm (EST)

I have a Profit Alert for SPCE this afternoon with shares at fresh 52-week peaks. I have made adjustments with the Exit Target while setting a Stop Limit to protect profits.

Profit Alert!

Virgin Galactic (SPCE, $13.96, up $1.13)

SPCE March 14 calls (SPCE200320C00014000, $1.60, up $0.80)

Entry Price: $0.65 (1/10/2020)

Exit Target: $1.30, raise to $2

Return: 144%

Stop Target: $1.30 (Stop Limit)

Action: Close a third (1/3) of the trade at current levels. Raise the Exit Target from $1.30 to $2 on the other half. Set a Stop Limit at $1.30 on the remaining 2/3rd’s to ensure at least a triple-digit return.