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.
Here's what I’m doing…
Buy-To-Open the Hanesbrands Inc. (NYSE: HBI) May 7, 2021, $22 call (HBI210507C00022000)
*This is a very speculative trade with two days to expire. That means this will move very fast or we could see a max loss.
At last glance, these calls are trading at $0.25 x $0.30 per contract.
My profit target will be around $0.10 and our stop-out price at $0.40 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