Our Hot Money monitor just spotted an unusual amount of new call option contracts purchased, betting shares in this underlying will soar higher.
Here's what we're doing...
Buy-To-Open the NRG Energy, Inc. (NYSE: NRG) May 21, 2021, $40 call (NRG210521C00040000).
At last glance, these calls are trading at $1.00 x $1.10 per contract.
Our profit target will be around $1.37 and our stop-out price at $0.63 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