MomentumOptions.com Profit Alert (MGM) for 2/5/2021

11:55am (EST)

I have a Profit Alert for today so let’s go check the action.

Profit Alert!

MGM Resorts International (MGM, $34.37, up $1.89)

MGM February 34 calls (MGM210219C00034000, $1.75, up $0.80)

Entry Price: $0.80 (1/13/2021)
Exit Target: $1.60
Return: 118%
Stop Target: $1.25 (Stop Limit)

Action: Close half of the trade at current levels. Set a Stop Limit at $1.25 on the other half of the trade.