12:10pm (EST)
We have a Trade Alert for PBR as we have hit a triple-digit return.
Trade Alert!
Petróleo Brasileiro (PBR, $13.02, up $0.37)
PBR July 12 calls (PBR230721C00012000, $1.00, up $0.25)
Entry Price: $0.35 (5/26/2023)
Exit Target: $0.70, raise to $1.30 (closed 1/2 at $0.60 on 6/5/23)
Return: 129%
Stop Target: 40 cents, raise to 80 cents (Stop Limit)
Action: Raise the Exit Target from 70 cents to $1.30 on the other half of the trade. Raise the Stop Limit at 40 cents to 80 cents to further protect profits.