MomentumOptions.com Profit Alerts (WU, JBLU) for 8/23/2021

12:25pm (EST)

Two of our current trades have been stopped out with the market showing strength today. We can circle back to these names with longer-term options if key resistance levels hold, but for now, we are out.

Profit Alerts!

Western Union (WU, $21.70, up $0.09)

WU September 22 puts (WU210917P00022000, $0.70, down $0.15)

Entry Price: $0.55 (8/17/2021)
Exit Target: $1.65 (Limit Order on half)
Return: 27%
Stop Target: 70 cents (Stop Limit)

Action: The Stop Limit at 70 cents has been tripped on today’s pullback.

JetBlue Airways (JBLU, $14.69, up $0.53)

JBLU September 14 puts (JBLU210917P00014000, $0.40, down $0.20)

Entry Price: $0.40 (8/9/2021)
Exit Target: $1.00 (Limit Order on half)
Return: 0%
Stop Target: 52 cents (Stop Limit)

Action: Close the trade at current levels if you haven’t done so already. Most of the airline stocks are rebounding today with JBLU gapping higher.