MomentumOptionsTrading.com Weekly Wrap Profit Alerts (KOG, NLY) for 10/8/2013
2:00pm (EST)
We have profits to take on 3 trades for our Weekly Wrap portfolio. One of our LEAP option trades made 67% while another made solid-double digits as well.
There are 2 more trades we could be taking profits on depending on the outcome of today’s close and if we do, we will send out Profit Alerts for them as well.
Weekly Wrap Premium Section
2:00pm (EST)
Profit Alerts!
Kodiak Oil & Gas (KOG $12.17, down $0.35)
Original Entry Price: $10.80 (9/9/13)
Lowered Price from Selling Options/ Dividends: $10.80
Exit Target: $15
Return: 13%
Stop Target: $12.25 (STOP LIMIT)
March 11 calls 2014 (KOG140322C00011000, $2.00, down $0.25)
Original Entry Price: $1.20 (9/9/13)
Exit Target: $2.40
Return: 67%
Stop Target: $2.00 (STOP LIMIT)
Action: Our Stop Limit has been triggered on our stock trade as shares have dipped below $12.25. Our stop limit of $2 has been triggered on our March 10 LEAPS as they have traded down to $1.85. We will keep the stock on our Watch List for another possible entry point
Annaly Capital Management (NLY, $11.42, down $0.08)
Sell to OPEN November 12 calls?
Original Entry Price: $11.70 (9/6/13)
Lowered Price from Selling Options/ Dividends: $11.35
Exit Target: $15
Return: 1%
Stop Target: $11.40 (Limit Stop)
Action: Shares of Annaly Capital have traded below $11.40 so we are out.