New Trade (WU)/ Trade Alert (CCL) for 5/8/2020

3:35pm (EST)

I have a New Trade I want to get into and one I want to close.

New Trade!

Western Union (WU, $19.98, up $0.53)

Buy to Open WU June 21 calls (WU200619C00021000, $0.50, up $0.15)

Action: I like these call options at current levels and you can use a Limit Order up to 60 cents to get the best fills. These are the regular WU June 21 calls that expire on June 19th, 2020.

Current Trades

Carnival (CCL, $14.06, up $0.53)

CCL May 13 puts (CCL200515P00013000, $0.40, down $0.30)

Entry Price: $0.80 (5/1/2020)

Exit Target: $1.60 (Limit Order on half)

Return: -50%

Stop Target: None

Action: Close the trade at current levels to save the remaining premium.