1:35pm (EST)
I have another Profit Alert for the Weekly Wrap that returned subscribers 24% in less than a month.
I also have a New Trade on a stock that was “called-away” last week but continues to show momentum.
Subscribers, check the Weekly Wrap premium section for the updates.
The Weekly Wrap Closed Trade Track Record for 2014 is 22-4, or 85% win rate (107-11, or 91% win rate, overall since the start of 2011)
New Trade
Buy Apple (AAPL, $98.40, up $0.73)
Action: Buy the stock at current levels and I will wait until shares trip $100 before possibly selling a call option.
Current Trades
Kodiak Oil & Gas (KOG, $15.73, down $0.21) LEAP Trade
December 16 calls (KOG141220C00016000, $1.10, down $0.10)
Original Entry Price: $0.95 (6/30/14)
Exit Target: $1.90-$2 (closed half @ $1.25 on 7/16/2014)
Return: 24%
Stop Target: $1.05 (Stop Limit)
Action: Close the other half of the trade at current levels as shares have traded to a low of $15.56.
While there is a chance for a rebound to $16, I mentioned most of the juice has already been squeezed from the trade. The 24% return was great for less than a month’s worth of work.