ACTION:
Take profits and sell to close one third of the SNE May 32 calls at current levels.
Dear Momentum Options Subscriber,
Shares of Sony (SNE, $32.53, up $1.65) are surging over 5% today, and I want to lock in profits on one third of the position on the move higher, as the call options are up 180%.
Sony (SNE, $32.53, up $1.65)
SNE May 32 calls (SNE150515C00032000, $1.40, up $0.70)
Entry Price: $0.50 (4/20/2015)
Exit Target: $1.00
Return: 180%
Stop Target: None
Take profits and sell to close one third of the SNE May 32 calls at current levels. I will be back shortly to update the parameters on the rest of the trade in the Mid-Market Update.
All prices given in this update are current as 11:00 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