Filled on the SONC stock at $43.63 (NO FILL on Option since it opened well above $5.70)
Double Trigger Trader (Red Line) New Trade Alert
Sonic Corp (SONC) pulled back to the 50 day line after a strong volume spike and, yesterday, we saw rejection of lower prices with the close closing in the top 25% of yesterday’s range. Price looks like it’s going to resume back in the direction of the trend and test the highs again.
Ticker: SONC
Place GTC order to Buy on a stop at $36.87 – if not filled during the next 3 trading session (by Friday afternoon – September 28, 2018) we’ll cancel the order.
If filled – place protective sell stop at $34.75
If trading options wait till underlying is filled.
Buy the SONC DEC 32.5 Strike Price CALL Option expiring December 21, 2018.
Pay no more than $5.70 – please do not buy the option if SONC stock does not trade at $36.87 or higher between now and Friday.