10:30 a.m. (EST)
I have 2 New Trades for the Daily portfolio. One is a piggy-back trade on a stock headed to $20.The other trade is on a new name to the portfolio showing tremendous momentum. This stock also on track to trip $20.
New Trades!!!
GT Advanced Technologies (GTAT, $17.83, up $0.47)
September 20 calls (GTAT140920C00020000, $0.70, up $0.15)
Action: Shares have been in a strong uptrend and are on track to trip $20. I like these options at current levels.
Sony (SNE, $18.40, down $0.02)October 19 calls (SNE141018C00019000, $0.45, flat)
Action: I am adding these call options to play a run past $20. This is a second position in Sony with a longer-term outlook.