We have a new buy alert that has triggered.
Buy-to-open the World Wrestling Entertainment, Inc. (NYSE: WWE) March 19, 2021, $55 call (WWE210319C00055000) up to $0.55 per contract or better, for the day.
Our monitor triggered this new buy alert after detecting a directional $4.5 Hot Money bet in the February expiration, which expires on Friday.
This is a cheap bet that shares pop higher after the recent earnings pull back, but we’re going into the March expiration to allow us some time for this to rally.
Now, we’re going to manage our risk by setting our profit target at $0.70. and our stop-out price at $0.30 per contract.
And I’ll be keeping you updated every step of the way.
To your wealth, freedom, and options!
Joshua M. Belanger