Dear Momentum Options Subscriber,
We were filled in both of the QQQ trades on this morning’s open, as both options I recommended opened at $0.65. I have set the parameters for each trade below.
PowerShares QQQ Trust (QQQ, $106.35, up $0.83)
QQQ April 108 calls (QQQ150417C00108000, $0.65, up $0.20)
Entry Price: $0.65 (3/30/2015)
Exit Target: $1.30 (Limit Order on half)
Return: 0%
Stop Target: None
QQQ May 110 calls (QQQ150515C00110000, $0.70, up $0.13)
Entry Price: $0.65 (3/30/2015)
Exit Target: $1.30 (Limit Order on half)
Return: 8%
Stop Target: None
Action: The QQQ April 108 calls and the QQQ May 110 calls both opened at $0.65. Now set limit orders to close the first half of each trade at $1.30.
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