ACTION:
Take profits and sell to close the WU May 20 calls at current levels.
Dear Momentum Stocks Weekly Subscriber,
I have a Profit Alert for the Momentum Stocks Weekly portfolio on a trade that made us 71%. I may come back to the trade at a later date, but, for now, let’s lock in these nice gains.
Western Union (WU, $19.61, down $0.43) Option Trade
WU May 20 calls (WU150515C00020000, $0.70, down $0.15)
Entry Price: $0.41 (2/13/2015)
Exit Target: $0.80-$1.00
Return: 71%
Stop Target: $0.45 (Stop Limit)
Take profits and sell to close the WU May 20 calls at current levels. Shares traded to a high of $20.10 on Monday, and I was looking for momentum to continue to $22. Given the drop back below $20 and these beautiful gains, let’s lock in profits and wait for the dust to settle. We can re-establish new positions if and when shares clear $20 again.
All prices given in this update are current as of 12:10 p.m. EST.
Every new Momentum Stocks Weekly 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
Momentum Stocks Weekly