MomentumOptions.com Profit Alert (WU) for 4/30/2020

3:00pm (EST)

I have a Profit Alert as shares of WU are pulling back with the overall market.

Western Union (WU, $19.22, down $0.74)

WU June 20 calls (WU200619C00020000, $0.85, down $0.35)

Entry Price: $0.80 (4/28/2020)

Exit Target: $1.60

Return: 19%

Stop Target: 95 cents (Stop Limit)

Action: The Stop Limit has tripped on today’s pullback in the stock. I will keep WU on the Watch List for a possible reentry point, but for now, we are out of the position.

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