ACTION:
$1.30 Stop Limit triggered on the CHRW April 75 calls.
Dear Momentum Options Subscriber,
I have an alert this morning on one of our trades that is fading. Shares have fallen below $74 and our Stop Limit has triggered. The trade was a scratch, but we avoided a loss, and we can use the proceeds to move on to better setups.
CH Robinson Worldwide (CHRW, $73.88, down $0.43)
CHRW April 75 calls (CHRW150417C00075000, $1.25, down $0.30)
Entry Price: $1.30 (2/26/2015)
Exit Target: $2.60
Return: 0%
Stop Target: $1.30 (Stop Limit)
The Stop Limit of $1.30 triggered. Fresh support will try to hold at $73.50 and the 50-day moving average. However, for now, I’m out.
All prices given in this update are current as of 11:45 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