MomentumOptions.com Alert Update (GT) for 4/30/2025
10:55am (EST)
Shares of GT struggled to hold $11 yesterday and are down slightly this morning. As a result, the Stop Limit on the other half has tripped.
Alert Update!
Goodyear Tire & Rubber (GT, $10.71, down $0.29)
GT May 11 calls (GT250516C00011000, $0.55, down $0.15)
Entry Price: $0.35 (4/22/2025)
Exit Target: $1.05 (closed half at 70 cents on 4/28/25)
Return: 79%
Stop Target: 55 cents (Stop Limit)
Action: We were concerned a double-top could be forming at $11 and were going to exit today, regardless.
Earnings are due out Friday, ahead of the open, and can be tricky to navigate. These are also May options that are expiring in a couple of weeks. We would like to see a fade to $10-$9.50 on a good quarter and where we could establish a fresh position.