MomentumOptions.com Profit Alert (GE) for 3/10/2021

2:00pm (EST)

I have another Profit Alert today, this time for GE.

Profit Alert!

General Electric (GE, $13.25, down $0.75)

GE April 13 calls (GE210416C00013000, $0.90, down $0.55)

Entry Price: $0.75 (3/1/2021)
Exit Target: $2 (Limit Order on half)
Return: 67%
Stop Target: $1.25 (Stop Limit)

Action: The Stop Limit at $1.25 was triggered on the open after the company announced an 8-to-1 reverse stock split.