11:00pm (EST)
Working overtime as usual…
As a reminder, one of our current trades for our Weekly Wrap was stopped out late this afternoon as our Hard Stop was triggered on the other half of the HRB call option trade. We made a decent double-digit profit and the company will be reporting earnings on Thursday.
If you are still in the position, please plan accordingly as there could be a major move once the news is released, good or bad. We will keep the stock on our Watch List for another possible entry point but for now we are out.
Members AREA
Current Trades
H&R Block (HRB, $31.13, down $0.44)
April 32 calls (HRB140419C00032000, $0.95, down $0.25) LEAP Option
Original Entry Price: $0.95 (11/5/13)
Exit Target: $1.90+ (2/21/14 closed HALF at $1.20, 3/5/14 closed half at 95 cents)
Return: 13%
Stop Target: 95 cents (Hard Stop
Action: Our Hard Stop on this trade was triggered today after shares fell to a low of $30.97. The company reports earnings on Thursday.