10:45am (EST)
Our Aetna (AET, $35.21, down $0.11) put option recommendation is officially closed as our Hard Stop on the other half of the trade was triggered at the open. We said if Aetna traded up to $36 our stop would probably be hit and that is exactly the high from this morning’s opening pop.
The trade made us 78% in just over two weeks and we were a little disappointed at the open but it’s important to keep your emotions in check and stick to your trading plan.
The market’s opening pop has pushed the indexes back to resistance but our current trades are holding up well.
We will be back in a couple of hours with our midday update but stay locked-and-loaded because we may pull the trigger on a new trade to replace this one.
Subscribers, check the Members Area for the update.