ACTION:
Take profits and sell to close the second half of the TIVO May 12 calls at current levels.
Dear Momentum Options Subscriber,
I have another Profit Alert on a trade that made us 43% in less than a week.
I was looking for TiVo (TIVO, $11.57, up $0.32) to clear $12 on this morning’s open, but shares have stalled, and it’s time to move on.
TiVo (TIVO, $11.59, up $0.34)
TIVO May 12 calls (TIVO150515C00012000, $0.60, flat)
Entry Price: $0.42 (2/27/2015)
Exit Target: $1.40 (Limit Order on second half) (closed half at $0.60 on 3/3/2015)
Return: 43%
Stop Target: None
Take profits and sell to close the second half of the TIVO May 12 calls at current levels.
The Limit Order of $1.40 failed to trigger at the open, as the calls have only reached a high of $0.74. I would rather lock in gains now than lose them.
I will keep shares on my Watch List for another opportunity to trade the name down the road, but, for now, I’m out.
All prices given in this update are current as of 10:25 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