Profit Alert (EEM) for 3/12/2021

11:50am (EST)

I have a Profit Alert for EEM so let’s go check on the details.

Profit Alert!

iShares MSCI Emerging Markets ETF (EEM, $53.85, down $1.12)

EEM April 55 calls (EEM210416C00055000, $1.00, down $0.45)

Entry Price: $0.90 (3/9/2021)
Exit Target: $1.90
Return: 11%
Stop Target: $1.10 (Stop Limit)

Action: Close the trade at current levels for a slight profit and to avoid a possible loss.

The Stop Limit at $1.10 has failed to trip today on the pullback in EEM this morning. I was hoping to see some follow thru today and a close above the 50-day moving average. Given this technical failure, I’d rather move on instead of holding the position over the weekend. Our other current trades are showing strong momentum and we can revisit EEM at a later date.