Our Hot Money Tracker has a new buy alert that has triggered.
Our tracker has spotted nearly 7,800 call options traded in Fireeye Inc. (NASDAQ: FEYE).
These are new opening and indicate that Hot Money is positioning themselves to profit if prices to soar higher in the coming days.
Here's what we're doing...
We're buying to open the Fireeye Inc. (NASDAQ: FEYE) November 29, 2019, $17.50 calls up to $0.30 per contract or better, for the day
Action to Take:
- In your brokerage account, locate the FEYE November 29, 2019, $17.50 calls:
- The symbol is FEYE191129C00017500.
- Search for options under the stock ticker: FEYE.
- Make sure you choose the right options expiration (expiring on November 29, 2019).
- Choose the $17.50 strike price.
- Select "calls" 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 $0.30 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 FEYE November 29, 2019, $17.50 calls with a $0.30 limit or better; for the day."
If Hot Money is right that shares of Fireeye Inc. (NASDAQ: FEYE) prices will soar higher in the coming days, our calls would quickly increase into a double or triple-digit gain - giddy up!