MomentumOptions.com Profit Alert (MGM) for 2/8/2021

10:10am (EST)

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

Profit Alert!

MGM Resorts International (MGM, $35.06, up $0.81)

MGM February 34 calls (MGM210219C00034000, $2.15, up $0.45)

Entry Price: $0.80 (1/13/2021)
Exit Target: $2.50 (closed half at $1.75 on 2/5/2021)
Return: 141%
Stop Target: $1.45 (Stop Limit)

Action: Close the other half of the trade at current levels. Shares are up for the 6th-straight session and with earnings out a Wednesday, a sell-the-news event could be in the cards.