First Strike Portfolio Trade Actions to take MONDAY May 28, 2019
The First Strike Portfolio rotation is today.
Please liquidate the following equity and option position(s) (SELL TO CLOSE Options contracts if you trade options) within the first 45 minutes of the trading session.
LRCX – 20SEP $205 Strike Price CALL (Expires September 20, 2019)
FB – 19JUL $190 Strike Price CALL (Expires July 19, 2019)
This rotation includes the following equity and option position(s) that were included in the previous rotation. 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.
ADBE: +25% Allocation | $256.54 Protective Stop Loss | $307.74 Profit Objective
CELG: +25% Allocation | $87.00 Protective Stop Loss | $106.67 Profit Objective
ADBE – 19JUL $290 Strike Price CALL (Expires July 19, 2019)
CELG – 19JUL $95 Strike Price CALL (Expires July 19, 2019)
Please initiate the following new positions (BUY TO OPEN Options contracts if you trade options) within the first 45 minutes of the trading session.
INTU: +25% Allocation | $232.25 Protective Stop Loss | $288.38 Profit Objective
SBUX: +25% Allocation | $68.69 Protective Stop Loss | $85.29 Profit Objective
INTU – 19JUL $260 Strike Price CALL (Expires July 19, 2019)
SBUX – 19JUL $75 Strike Price CALL (Expires July 19, 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