MomentumOptions.com Profit Alert (KWEB) for 11/4/2022

12:00pm (EST)

After being down 74% on our KWEB trade, today’s 7% pop in the stock has now given us a sweet double-digit profit of nearly 30%. Let’s take profits here and reevaluate shares at a latter date.

Profit Alert!

KraneShares CSI China Internet ETF (KWEB, $22.57, up $1.50)

KWEB November 24 calls (KWEB221118C00024000, $0.75, up $0.45)

Entry Price: $0.58 (10/21/2022)
Exit Target: $1.20
Return: 29%
Stop Target: None

Action: Close the trade at current levels.

Given today’s 7% jump in the stock, let’s go ahead and take profits in case shares stall from current levels.

Momentum Options

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