MomentumOptions.com Profit Alert (MRO)/ Trade Alert (INTC) for 6/8/2021
I have two more Trade Alerts today that will leave the portfolio with no open positions. However, I do expect to get into 1-2 new trades this week but the choppy action remains frustrating and we don’t want to trade, just to be trading.
The overall market is pulling back and we will likely need to confirm new all-time highs for momentum to return.
Marathon Oil (MRO, $13.66, down $0.02)
MRO July 12 calls (MRO210716C00012000, $1.90, down $0.05)
Entry Price: $0.85 (5/24/2021)
Exit Target: $2.50 (closed 1/3 at $1.80 on 6/1/2021)
Stop Target: $1.70 (Stop Limit)
Action: The Stop Limit at $1.70 has tripped on the remaining 2/3rd’s of the position on the fade to $13.29 in the stock earlier this morning.
Intel (INTC, $56.71, down $0.38)
INTC June 60 calls (INTC210618C00060000, $0.10, down $0.05)
Entry Price: $0.65 (5/10/2021)
Exit Target: $1.30
Stop Target: None
Action: Close the trade at current levels to save the remaining premium.