First Strike Portfolio Trade Actions to take MONDAY October 21, 2019
The First Strike Portfolio rotation is today.
This rotation includes the following Equity and Option position(s) that were included in the previous rotation with adjusted Protective Stop Loss and Profit Objectives. Do not liquidate the position(s). Simply, adjust the percentage (if necessary) to 25% so as to match the other positions in the current rotation.
CELG: +25% Allocation | $92.98 Protective Stop Loss | $115.30 Profit Objective
EXPE: +25% Allocation | $126.17 Protective Stop Loss | $152.35 Profit Objective
If you traded the options…
HOLD the EXPE 17JAN $140 Strike Price CALL (Expires January 17, 2020)
SELL TO CLOSE the CELG 17JAN $100 Strike Price CALL AND BUY TO OPEN the CELG 17JAN $105 Strike Price CALL (Expires January 17, 2020)
Please LIQUIDATE the following Equity and/or Option position(s) (SELL TO CLOSE) between the current mid price and bid price during the last 20 to 30 minutes of the trading session.
Nxp Semiconductors (NXPI)
Synopsys Inc (SNPS)
If you traded the options…
SELL TO CLOSE the NXPI 17JAN $115 Strike Price CALL
SELL TO CLOSE the SNPS 20DEC $140 Strike Price CALL
Please INITIATE the following Equity and Option position(s) (BUY TO OPEN) between the current mid price and ask price during the last 20 to 30 minutes of the trading session.
Activision Blizzard (ATVI)
Microchip Technology (MCHP)
ATVI: +25% Allocation | $50.23 Protective Stop Loss | $61.08 Profit Objective
MCHP: +25% Allocation | $86.29 Protective Stop Loss | $106.41 Profit Objective
If you trade the options…
BUY TO OPEN the ATVI 17JAN $55 Strike Price CALL (Expires January 17, 2020)
BUY TO OPEN the MCHP 17JAN $97.5 Strike Price CALL (Expires January 17, 2020)
If this is your first rotation – if you are initiating positions for the first time ever – then initiate all 4 positions.
We will update you after the close in the Members Area Daily Update.
All The Best,
Roger Scott
WealthPress