ACTION:
Take profits and sell to close the first half of the KKD April 20 Puts at current levels.
Dear Momentum Options Subscriber,
I have a Profit Alert for KKD following the break below $19 this morning.
Krispy Kreme Doughnuts (KKD, $18.60, down $1.75)
KKD April 20 puts (KKD150417P00020000, $1.60, up $0.60)
Entry Price: $0.95 (3/10/2015)
Exit Target: $1.90
Return: 68%
Stop Target: $1.20 (Stop Limit)
Take profits and sell to close the first half of the KKD April 20 Puts at current levels. Also, set a Stop Limit at $1.20 on the second half of the trade.
The Limit Order to close the first half of the trade at $1.90 hasn’t triggered, so I’m closing half of the trade at current levels. Hold the second half of the trade until further notice.
All prices given in this update are current as 9:45 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