We have a new buy alert that has triggered.
Our Hot Money monitor just spotted a massive amount of new call option contracts purchased, betting shares in this underlying will soar higher.
This is a hard to borrow stock that has settled down a bit, which could lead to a massive move higher.
Here's what I’m doing...
Buy-To-Open the Petrobras (NYSE: PBR) June 18, 2021, $8 call (PBR210618C00008000).
At last glance, these calls are trading at $0.99 x $1.02 per contract.
My profit target will be around $1.30 and our stop-out price at $0.59 per contract.
Now, let’s manage our risk before entry and I’ll keep you updated every step of the way.
To your wealth, freedom, and options!
Joshua M. Belanger