MomentumOptions.com Trade Alert (F) for 6/16/2023

9:00am (EST)

We have a Trade Alert this morning on Ford Motor (F) as shares have stayed white-hot and our position now up 229%!

Trade Alert!

Ford Motor (F, $14.45, up $0.25)

F July 13 calls (F230721C00013000, $1.62, up $0.18)

Entry Price: $0.45 (6/6/2023)
Exit Target: $1.75, raise to $1.80 (Limit Order) (closed half at $1.34 on 6/13)
Return: 229%
Stop Target: $1.20, raise to $1.40 (Stop Limit)

Action: Raise the Exit Target at $1.75 to $1.80 on the remaining half and make it a Limit Order. Raise the Stop Limit at $1.20 to $1.40. This will ensure at least a 200% return.

Shares rose for the 10th time in 11 sessions with RSI now above 77. We are still hoping to squeeze a little more juice out of the trade but shares are way overbought with a three-day weekend coming

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