MomentumOptions.com Profit Alert (WU) for 4/20/2021

1:55pm (EST)

I have a Profit Alert for one of our current positions so let’s go check the tape.

Profit Alert!

Western Union (WU, $25.89, down $0.26)

WU May 26 calls (WU210521C00026000, $0.75, down $0.15)

Entry Price: $0.60 (4/7/2021)
Exit Target: $1.20
Return: 20%
Stop Target: 72 cents (Stop Limit)

Action: The Stop Limit at 72 cents has tripped on today’s weakness in the stock with the low hitting 70 cents. While disappointed we couldn’t squeeze more out of this trade, we can revisit WU once the current market weakness settles down.