ACTION:
Take profits and sell to close half of the GOGO May 20 calls at current levels.
Dear Momentum Options Subscriber,
I’m still working on the Mid-Market Update, which will be ready in the next hour or so. In the meantime, I have a Profit Alert on a trade that is up 118%. Let’s lock in half profits.
Gogo (GOGO, $20.54, up $0.91)
GOGO May 20 calls (GOGO150515C00020000, $1.85, up $0.45)
Entry Price: $0.85 (3/2/2015)
Exit Target: $2.25 (Limit Order on Half)
Return: 118%
Stop Target: $1.05 (Stop Limit)
Take profits and sell to close half of the GOGO May 20 calls at current levels. I will update the parameters on the second half of the trade shortly.
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