ACTION:
$0.85 Stop Limit triggered on the WU March 19 calls.
Dear Momentum Options Subscriber,
I’m still working on the Mid-Market Update, and it should be ready in the next hour or so. In the meantime, I have another Profit Alert on a trade that made us 81%.
Western Union (WU, $19.60, down $0.44)
WU March 19 calls (WU150320C00019000, $0.75, down $0.35)
Entry Price: $0.40 (2/13/2015)
Exit Target: $1.20 (closed half at $0.60 on 2/19/2015) (Limit Order at $1.30)
Return: 81%
Stop Target: $0.85 (Stop Limit)
The Stop Limit of $0.85 has triggered on the WU March 19 calls on today’s pullback.
I will update the parameters of the WU April 20 calls in the Mid-Market Update.
All prices given in this update are current as of 11:55 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