First Strike Portfolio Trade Actions to take TODAY – MONDAY May 6, 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:

AMAT stock if you trade stocks only.
SBUX stock if you trade stocks only.

AMAT – 19JUL $43 Strike Price CALL if you trade options only.
SBUX
– 19JUL $77.5 Strike Price CALL if you trade options only.

We are allocating the portfolio as follows:

AVGO:  +25% Allocation  |  $291.53 Protective Stop Loss  |  $353.60 Profit Objective
LRCX:  +25% Allocation  |  $188.97 Protective Stop Loss  |  $232.71 Profit Objective
MCHP:  +25% Allocation  |  $91.42 Protective Stop Loss  |  $112.84 Profit Objective
NXPI:  +25% Allocation  |  $97.88 Protective Stop Loss  |  $121.05 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:

AVGO – 19JUL $320 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)
NXPI – 19JUL $110 Strike Price CALL (Expires July 19, 2019)

All The Best,

Roger Scott
WealthPress