The market action is slower than expected, but we have a new Hot Money buy alert that has triggered.
- Buy-to-open the Cloudflare, Inc. (NYSE: NET) Feb. 21, 2020, $22.50 call (NET200221C00022500) up to $0.35 per contract or better, for the day.
If Hot Money is right and shares of Cloudflare, Inc. (NYSE: NET) soar higher in the coming days, our call would quickly increase into a double or triple-digit gain!
Here's what we're doing...
Action to Take:
- In your brokerage account, locate the NET Feb. 21, 2020, $22.50 call:
- The symbol is NET200221C00022500.
- Search for options under the stock ticker: NET.
- Make sure you choose the right options expiration (expiring on Feb. 21, 2020).
- Choose the $22.50 strike price.
- Select "call" options. Select how many contracts to buy.
- Once you have the right contract, click "buy to open."
- Choose a "limit order." (This sets the max price you'll pay per contract).
- Use a limit of $0.35 per contract.
- Click "Day" for TIF (Time In Force).
- Then click "buy" to transmit the order.
You can also call your broker and say, "I want to buy to open NET Feb. 21, 2020, $22.50 call with a $0.35 limit or better; for the day."