ACTION:
Stop triggered on Vanguard Natural Resources (VNR).
Dear Weekly Wrap Subscriber,
One of the current trades for the Weekly Wrap was stopped out yesterday. The Stop Limit of $25 triggered on Wednesday’s pullback, and the loss was 14%.
Vanguard Natural Resources (VNR, $24.12, down $0.51)
Original Entry Price: $29.43 (9/16/14)
Lowered Price from Selling Options/Dividends: $29.22
Exit Target: $33
Return: -14%
Stop Target: $25 (Stop Limit)
Dividend Yield: 7.9%
Volatility has been insane this week, and the action has taken us out of the VNR trade. I still like the company and perhaps I will revisit its story, but, for now, I’m out.
ACTION:
Stop triggered on Vanguard Natural Resources (VNR).
All prices given in this update are current as of 10:40 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
Weekly Wrap