First Strike Portfolio Trade Actions to take TODAY – MONDAY April 29, 2019
The First Strike Portfolio rotation is today.
Please liquidate the following equity and/or options positions (SELL TO CLOSE Options positions) from the previous rotation:
AVGO stock if you trade stocks only.
AVGO – 19JUL $320 Strike Price CALL (Expires July 19, 2019) if you trade options only.
LRCX – 21JUN $195 Strike Price CALL (Expires June 21, 2019) if you trade options only.
SBUX– 21JUN $75 Strike Price CALL (Expires June 21, 2019) if you trade options only.
We are allocating the portfolio as follows:
AMAT: +25% Allocation | $41.27 Protective Stop Loss | $49.92 Profit Objective
LRCX: +25% Allocation | $188.97 Protective Stop Loss | $231.54 Profit Objective
MCHP: +25% Allocation | $88.82 Protective Stop Loss | $110.04 Profit Objective
SBUX: +25% Allocation | $69.92 Protective Stop Loss | $86.58 Profit Objective
We will liquidate (SELL TO CLOSE Options contracts) and – if necessary – initiate any new positions (BUY TO OPEN Options contracts) within the first 45 minutes of the trading session. We will update you after the close in the Members Area Daily Update.
Option Traders – the following (regular monthly) options meet our criteria:
AMAT – 19JUL $43 Strike Price CALL (Expires July 19, 2019)
LRCX – 20SEP $220 Strike Price CALL (Expires September 20, 2019)
MCHP – 19JUL $97.5 Strike Price CALL (Expires July 19, 2019)
SBUX – 19JUL $77.5 Strike Price CALL (Expires July 19, 2019)
All The Best,
Roger Scott
WealthPress