MomentumOptions.com Trade Alert (XLK) for 5/18/2020

2:00pm (EST)

I have a Trade Alert given today’s market strength.

Trade Alert!

Technology Select Spiders (XLK, $96.04, up $2.57)

XLK June 85 puts (XLK200619P00085000, $0.85, down $0.60)

Entry Price: $1.75 (5/13/2020)

Exit Target: $3.50 

Return: -47%

Stop Target: $1.00

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