MomentumOptions.com Profit Alert (WU) for 6/2/2020

10:55am (EST)

I have a Profit Alert for WU following today’s huge move and another triple-digit gain for our portfolios.

Profit Alert!

Western Union (WU, $23.10, up $2.39)

WU June 21 calls (WU200619C00021000, $2.25, up $1.75)

Entry Price: $0.50 (5/9/2020)

Exit Target: $1.00 

Return: 350%

Stop Target: $1.80 (Stop Limit)

Action: Close half the trade at current levels to lock-in profits. Set a Stop Limit at $1.80 on the other half of the position.