Profit Alert (EEM) for 2/11/2021

1:10pm (EST)

I have another Profit Alert, this time on EEM. While I still believe shares can make a run past $60, I want to close half the position at current levels with the position up 100%. Additionally, the market is closed on Monday so I want to take some risk off the table ahead of the 3-day weekend.

Profit Alert!

iShares MSCI Emerging Markets ETF (EEM, $57.87, up $0.73)

EEM March 58 calls (EEM210319C00058000, $1.40, up $0.30)

Entry Price: $0.65 (2/5/2021)
Exit Target: $1.30
Return: 100%
Stop Target: 80 cents (Stop Limit)

Action: Close half of the trade at current levels to lock-in 100% return. Raise the Stop Limit at 80 cents to $1.00 on the other half. The calls have traded to a high of $1.47 today.