MomentumOptions.com Profit Alert (CY) for 5/29/2019
MomentumOptions.com Profit Alert (CY) for 5/29/2019
1:05pm (EST)
I have a Profit Alert for our current CY trade as shares have zoomed 12% on takeover chatter. I will have a full update in the morning, but for now, let’s lock-in another triple-digit winner.
Profit Alert!
Cypress Semiconductor (CY, $17.36, up $1.97)
CY September 17 calls (CY190920C00017000, $1.70, up $1.10)
Entry Price: $0.75 (5/16/2019)
Exit Target: $1.50
Return: 127%
Stop Target: $1.00 (Stop Limit)
Action: Close HALF the trade at current levels to lock. Set an initial Stop Limit at $1 on the other half of the position.