We're seeing a Super Bowl hangover in today's market with the overall market running lower than expected.
However, Hot Money finally made a few moves after lunch and we have a new buy alert that has triggered.
- We're buying to open the Clovis Oncology (NASDAQ: CLVS) March 20, 2020, $10 call up to $0.85 per contract or better, for the day.
This new bullish spike-triggered due to under-market positioning in the March 20, 2020, $10 call strike.
If Hot Money is right and shares of Clovis Oncology (NASDAQ: CLVS) 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 CLVS March 20, 2020, $10 call:
- The symbol is CLVS200320C00010000.
- Search for options under the stock ticker: CLVS.
- Make sure you choose the right options expiration (expiring on March 20, 2020).
- Choose the $10 strike price.
- Select "call" options. Select how many contracts to buy.
- Once you have the right contract, click "buy to open."
- Choose "limit order." (This sets the max price you'll pay per contract).
- Use a limit of $0.85 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 CLVS March 20, 2020, $10 call with a $0.85 limit or better; for the day."
To your wealth, freedom, and options!