First Strike Portfolio Trade Actions to take MONDAY November 4, 2019
The First Strike Portfolio rotation is today.
This rotation includes the following Equity position that was included in the previous rotation with adjusted Protective Stop Loss and Profit Objectives. Do not liquidate the position. Simply, adjust the percentage (if necessary) to 25% so as to match the other positions in the current rotation.
CTXS: +25% Allocation | $99.16 Protective Stop Loss | $122.68 Profit Objective
If you traded the options…
SELL TO CLOSE the CTXS 20DEC $105 Strike Price CALL AND
BUY TO OPEN the CTXS 17JAN $110 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.
Biogen Inc (BIIB)
Expedia Group Inc (EXPE)
Microchip Technology (MCHP)
If you traded the options…
SELL TO CLOSE the BIIB 20DEC $305 Strike Price CALL
SELL TO CLOSE the EXPE 17JAN $140 Strike Price CALL
SELL TO CLOSE the MCHP 17JAN $97.5 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.
Amgen Inc (AMGN)
K L A-Tencor Corp (KLAC)
Facebook Inc (FB)
AMGN: +25% Allocation | $197.88 Protective Stop Loss | $244.10 Profit Objective
KLAC: +25% Allocation | $156.17 Protective Stop Loss | $193.11 Profit Objective
FB: +25% Allocation | $175.09 Protective Stop Loss | $216.85 Profit Objective
If you trade the options…
BUY TO OPEN the AMGN 17JAN $220 Strike Price CALL (Expires January 17, 2020)
BUY TO OPEN the KLAC 20DEC $170 Strike Price CALL (Expires December 20, 2019)
BUY TO OPEN the FB 20DEC $195 Strike Price CALL (Expires December 20, 2019)
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