ACTION:
The Stop Limit of 60 cents has triggered on the second half of the SNE March 28 calls.
Dear Momentum Options Subscriber,
I have another Profit Alert this morning as shares of Sony (SNE, $27.00, down $0.37) are pulling back. We can revisit the stock if support holds for another possible play down the road, but for now, I’m out.
Sony (SNE, $27.00, down $0.37)
SNE March 28 calls (SNE150320C00028000, $0.60, down $0.20)
Entry Price: $0.60 (2/12/2015)
Exit Target: $1.80 (closed half at $0.80 on 2/19/2015)
Return: 17% on the overall position
Stop Target: 60 cents (Stop Limit)
Action: The Stop Limit of 60 cents has triggered on the second half of this trade as SNE shares dipped below $27 to $26.89.
All prices given in this update are current as of 10:30 a.m. EST.
Every new Momentum Options recommendation is listed with the price at which I entered my own position. If the price is slightly different than my recommended entry or exit price when you receive the alert, don’t let that keep you from getting into or out of a trade. Occasionally, you might even get a better “fill” price than what is posted in the Open Trades and Closed Trades.
Trade on!
Rick Rouse
Editor and Chief Options Strategist
Momentum Options