[Flash Alert]: Profit Target Triggered

June 4, 2021

Shares of IP hit new highs this morning, but has not seen any follow through.

I've been in this trade for some time and going to lock in profits.

Here's what I'm doing...

Sell-to-close IP July 16, $65/$67.50 call spread

At last glance, the spread is trading at $1.05.

If filled at that price, it's a 31% gain from entry at $0.80.

Congrats on another winning trade!





Joshua M. Belanger
Joshua Belanger is founder of CounterVest and the editor of Hot Money Trader. He has been providing ordinary investors blockbuster returns since 2008. In 2018, the average return of Hot Money Trader beat the markets by over 15%