Momentum Factor Trade Actions to take WEDNESDAY October 16, 2019
The Momentum Factor rotation is today.
Please LIQUIDATE the following Equity and/or Option position(s) (SELL TO CLOSE) between the current mid price and bid price during the last 20 to 30 minutes of the trading session.
DG
HAS
WDC
TMF (Option Only) – 21FEB $32 Strike Price CALL
Discount Option Traders – to LIQUIDATE Bull Call Debit Spreads:
BUY TO CLOSE the HIGHER Strike Price CALL, and
SELL TO CLOSE the LOWER Strike Price CALL
This rotation includes equity position(s) that were included in the previous rotation. Do not liquidate the position(s). Simply, adjust your share size (as necessary) on the positions that we’re including in this rotation. If you are not already in these positions, please initiate new positions.
We are allocating the portfolio as follows:
30% in ATVI
30% in CVS
30% in NVDA
10% in TMF
For maximum liquidity, we will liquidate (SELL TO CLOSE Options contracts) and initiate any new positions (BUY TO OPEN Options contracts) within the last 20 minutes of the trading session. We will update you after the close in the Members Area Daily Update.
Option Traders – the following options meet our criteria:
30% in ATVI – 17JAN $57.5 Strike Price CALL (Expires January 17, 2020)
30% in CVS – 17JAN $65 Strike Price CALL (Expires January 17, 2020)
30% in NVDA – 20DEC $200 Strike Price CALL (Expires December 20, 2019)
10% in TMF – 21FEB $30 Strike Price CALL (Expires February 21, 2020)
Discount Option Traders – the following options meet our criteria:
30% in ATVI – Bull Debit Spread
Expiration: January 17, 2020
BUY TO OPEN the 17JAN $57.5 Strike Price CALL
SELL TO OPEN the 17JAN $62.5 Strike Price CALL
30% in CVS – Bull Debit Spread
Expiration: January 17, 2020
BUY TO OPEN the 17JAN $65 Strike Price CALL
SELL TO OPEN the 17JAN $70 Strike Price CALL
30% in NVDA – Bull Debit Spread
Expiration: December 20, 2019
BUY TO OPEN the 20DEC $200 Strike Price CALL
SELL TO OPEN the 20DEC $205 Strike Price CALL
10% in TMF – Bull Debit Spread
Expiration: February 21, 2020
BUY TO OPEN the 21FEB $30 Strike Price CALL
SELL TO OPEN the 21FEB $35 Strike Price CALL
All the best,
Roger Scott