MomentumOptions.com Trade Alert (MO) for 3/26/2021

2:15pm (EST)

I have a Trade Alert for today so let’s go check it out.

Trade Alert!

Altria Group (MO, $51.91, up $1.72)

MO April 47.50 puts (MO210416P00047500, $0.15, down $0.15)

Entry Price: $0.75 (3/16/2021)
Exit Target: $1.50
Return: -80%
Stop Target: 15 cents (Stop Limit)

Action: The Stop Limit at 15 cents has tripped today on the stock’s breakout towards the $52 level today following an analyst upgrade to Buy. Shares remain in overbought territory but we can use the remaining premium to get into new trades next week.