ACTIONS:
Take profits and sell to close the AXP March 84 calls at current levels.
$0.55 Stop Limit triggered on the CHRW March 75 calls.
Dear Momentum Options Subscriber,
I have two new Profit Alerts this afternoon. I mentioned that one trade would be short-term in nature, and the Stop Limit on another one of our trades has triggered.
I will be back within an hour with the Mid-Market Update.
American Express (AXP, $83.16, up $0.99)
AXP March 84 calls (AXP150320C00084000, $1.07, up $0.29)
Entry Price: $0.75 (2/25/2015)
Exit Target: $1.25
Return: 43%
Stop Target: None
Take profits and sell to close the AXP March 84 calls at current levels to lock in a nice one-day, double-digit gain.
CH Robinson Worldwide (CHRW, $73.72, up $0.17)
CHRW March 75 calls (CHRW150320C00075000, $0.65, down $0.05)
Entry Price: $0.50 (2/23/2015)
Exit Target: $1.00-$1.50 (Limit Order at $1.00 on the first half of the position)
Return: 10%
Stop Target: $0.55 (Stop Limit)
The Stop Limit of $0.55 triggered on this morning’s dip to $73.15. I still believe the shares are going to test 52-week highs, so I may come back to this name.
All prices given in this update are current as of 11:50 a.m. EST.
Every new Momentum Options recommendation is listed with the price at which I entered my own position. If the price is slightly different than my recommended entry or exit price when you receive the alert, don’t let that keep you from getting into or out of a trade. Occasionally, you might even get a better “fill” price than what is posted in the Open Trades and Closed Trades.
Trade on!
Rick Rouse
Editor and Chief Options Strategist
Momentum Options