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

1:45pm (EST)

I have a Profit Alert for the other half of our Western Union trade. I would like to see a continued pullback towards $24 and where we may be able to reestablish a fresh position.

Profit Alert!

Western Union (WU, $24.71, down $0.27)

WU April 25 calls (WU210416C00025000, $0.60, down $0.30)

Entry Price: $0.45 (3/3/2021)
Exit Target: $1.35 (closed half at $0.95 on 3/8/21)
Return: 89%
Stop Target: 75 cents (Stop Limit)

Action: The Stop Limit at 75 cents on the other half of the position has tripped as shares have failed to participate in today’s maeket rally. The options opened at 87 cents but have faded along with the stock. The average closing price was 85 cents with an overall return of 89%.