12:45pm (EST)
We have our first Profit Alert for our Weekly Wrap on a trade that is up 82%.
Shares are WhiteWave Foods Company (WWAV, $23.34, up $0.78) have triggered a fresh 52-week peak and we want to take profits on strength as the January calls expire in 2 weeks. We can use the February options to play a further run but for now, let’s go ring the register on another successful LEAP option trade.
Subscribers, check the Members Area/ Weekly Wrap Premium section for the update.
MEMBERS AREA
CURRENT TRADES
WhiteWave Foods Company (WWAV, $23.34, up $0.78)
January 22.50 calls (WWAV140118C00022500, $1.00, up $0.50)
Original Entry Price: $0.55 (11/11/13)
Exit Target: $1.10
Return: 82%
Stop Target: None
Action: Shares have pushed a 52-week high of $23.74 today and our patience has finally paid off. Close the trade at current levels to book a sweet 82% profit to start 2014!