Profit Alert (KDP) for 8/3/2021

3:15pm (EST)

I have a Profit Alert, and a reminder, just ahead of today’s closing bell as one of our current positions has been stopped out.

Profit Alert!

Keurig Dr Pepper (KDP, $35.31, down $0.55)

KDP October 36 calls (KDP211015C00036000, $0.55, down $0.15)

Entry Price: $0.55 (8/23/2021)
Exit Target: $1.10
Return: 3%
Stop Target: 57 cents (Stop Limit)

Action: The calls opened at 65 cents this morning but have triggered the Stop Limit at 57 cents after testing an intraday low of 45 cents. Although the gains were minimal, we avoided a possible loss. We can wait for a possible reentry point, or use the premium to get into another new trade next week, with the portfolio getting lighter heading into the three-day weekend.