MomentumOptions.com Profit Alert (WU) for 3/8/2021
I have a Profit Alert for a current position that is up triple-digits. While I do believe there is more upside in shares of WU, I want to take half the position off the table while letting the rest ride. I’m also setting a Stop Limit on the other half of the call options to protect profits.
Western Union (WU, $25.28, up $1.19)
WU April 25 calls (WU210416C00025000, $0.95, up $0.50)
Entry Price: $0.45 (3/3/2021)
Exit Target: $0.90
Stop Target: 60 cents (Stop Limit)
Action: Close HALF of the position at current levels. Set a Stop Limit at 60 cents on the other half of the position.