First Strike Portfolio Trade Actions to take MONDAY October 7, 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 | $90.37 Protective Stop Loss | $111.85 Profit Objective
KLAC: +25% Allocation | $146.74 Protective Stop Loss | $180.44 Profit Objective
NXPI: +25% Allocation | $102.38 Protective Stop Loss | $123.06 Profit Objective

If you trade the options…

HOLD the CELG 17JAN $100 Strike Price CALL (Expires January 17, 2020)
HOLD the NXPI 17JAN $110 Strike Price CALL (Expires January 17, 2020)

SELL TO CLOSE the KLAC 20DEC $160 Strike Price CALL AND BUY TO OPEN the KLAC 17JAN $165 CALL (Expires January 17, 2020)

Please LIQUIDATE the following Equity and/or Option position (SELL TO CLOSE) between the current mid price and bid price during the last 20 to 30 minutes of the trading session.

Expedia Group Inc (EXPE)

If you traded the option…

SELL TO CLOSE the EXPE 17JAN $140 Strike Price CALL

Please INITIATE a SHORT position on the following Equity during the last 20 to 30 minutes of the trading session.

S&P Midcap 400 Pure Growth Invesco ETF (RFG)

RFG: +25% Allocation | $152.38 Protective Stop Loss | $123.43 Profit Objective

Please Note:  If you are trading the underlying ETFs in an IRA account and unable to go SHORT or choose not to, in lieu of the S&P Midcap 400 Pure Growth Invesco ETF (RFG), you can buy the Midcap 400 Short Proshares (MYY) – it’s the inverse version of the S&P Midcap 400 SPDR (MDY).  If you decide to trade the Midcap 400 Short Proshares (MYY) in lieu of the S&P Midcap 400 Pure Growth Invesco ETF (RFG), here is the protective stop loss level and profit objective:

MYY: +25% Allocation | $39.35 Protective Stop Loss | $48.60 Profit Objective

If you trade the options, we are trading a PUT Option on the S&P Midcap 400 SPDR (MDY) in lieu of RFG (not optionable)…

Please INITIATE a position on the following Option position (BUY TO OPEN) between the current mid price and ask price during the last 20 to 30 minutes of the trading session.

BUY TO OPEN the MDY 20DEC $335 Strike Price PUT (Expires December 20, 2019)

MDY: +25% Allocation | $376.03 Protective Stop Loss | $304.94 Profit Objective

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