First Strike Portfolio Trade Actions to take TUESDAY September 9, 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 | $88.17 Protective Stop Loss | $108.81 Profit Objective
KLAC: +25% Allocation | $140.11 Protective Stop Loss | $169.10 Profit Objective
QCOM: +25% Allocation | $72.56 Protective Stop Loss | $88.30 Profit Objective
If you traded the option on QCOM…
SELL TO CLOSE the QCOM 15NOV $77.5 Strike Price CALL (Expires November 15, 2019) AND
BUY TO OPEN the QCOM 20DEC $80 Strike Price CALL (Expires December 20, 2019)
Please LIQUIDATE the following Equity and/or Option positions (SELL TO CLOSE) within the last 20 to 30 minutes of the trading session.
Expedia Group Inc (EXPE)
If you traded the option…
SELL TO CLOSE the EXPE 17JAN $130 Strike Price CALL (Expires January 17, 2020)
Please INITIATE the following Equity and/or Option positions (BUY TO OPEN) within the last 20 to 30 minutes of the trading session.
Facebook Inc (FB)
FB: +25% Allocation | $172.61 Protective Stop Loss | $209.99 Profit Objective
If you trade the option…
BUY TO OPEN the FB 15NOV $195 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