First Strike Portfolio Trade Actions to take MONDAY September 16, 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 | $89.62 Protective Stop Loss | $110.20 Profit Objective
QCOM: +25% Allocation | $72.56 Protective Stop Loss | $87.82 Profit Objective
If you traded the option on CELG…
SELL TO CLOSE the CELG 17JAN $97.5 Strike Price CALL (Expires January 17, 2020) AND
BUY TO OPEN the CELG 17JAN $100 Strike Price CALL (Expires January 17, 2020)
Please LIQUIDATE the following Equity and/or Option positions (SELL TO CLOSE) between the current mid price and bid price during the last 20 to 30 minutes of the trading session.
Facebook Inc (FB)
K L A-Tencor Corp (KLAC)
If you traded the option…
SELL TO CLOSE the FB 15NOV $195 Strike Price CALL (Expires November 15, 2019) AND
SELL TO CLOSE the KLAC 17JAN $150 Strike Price CALL (Expires January 17, 2020)
Please INITIATE the following Equity and/or Option positions (BUY TO OPEN) between the current mid price and ask price during the last 20 to 30 minutes of the trading session.
Expedia Group Inc (EXPE)
Nxp Semiconductors (NXPI)
EXPE: +25% Allocation | $119.98 Protective Stop Loss | $148.18 Profit Objective
NXPI: +25% Allocation | $100.50 Protective Stop Loss | $124.02 Profit Objective
If you trade the option…
BUY TO OPEN the EXPE 15NOV $135 Strike Price CALL (Expires November 15, 2019) AND
BUY TO OPEN the NXPI 15NOV $115 Strike Price CALL (Expires November 15, 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