2:15 p.m. (EST)
I have action for you to take on a call option trade that is up 73% in 5 days. While I’m still looking for a triple-digit profit, I want to ensure the trade is profitable first and foremost by closing a quarter of the position.
I also have another New Trade for the Daily portfolio.
Subscribers, hit the Members Area for the New Trade and Profit Alert. I may also have a Weekly Wrap Alert in the next hour or two so continue to stay glued to your email inboxes.
New Trade!!!
Flextronics (FLEX, $10.89, up $0.06)
Buy to Open October 11 calls (FLEX141018C00011000, $0.33, up $0.02)
Action: I like these call options at current levels to play a possible run to $12 over the near-term.
Current Trades
Keryx Biopharmaceuticals (KERX, $17.28, up $1.39)
September 18 calls (KERX140920C00018000, $1.30, up $0.50)
Entry Price: $0.75 (8/20/2014)
Exit Target: $1.50
Return: 73%
Stop Target: None
Action: Close a QUARTER of the trade at current levels.
I will update the rest of the position in tomorrow’s update but for now I want to ring the register on these juicy profits in just 5 days.