We have a new buy alert that has triggered…
Our Hot Money Tracker spiked in Toll Brothers Inc (NYSE: TOL).
We’ve seen nearly 2 million dollars purchased in upside premium in the October monthly expiration at the $41 strike.
That means Hot Money is betting prices will soar higher in the coming days.
If Hot Money is correct, we could see these Toll Brothers Inc calls quickly increase into a double or triple-digit gain.
Here's what we're doing...
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Action to Take:
In your brokerage account, locate the TOL October 18, 2019, $41 calls:
The symbol is TOL191018C00041000.
Search for options under the stock ticker: TOL.
Make sure you choose the right options expiration (expiring on October 18, 2019).
Choose the $41 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 $1.40 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 TOL October 18, 2019, $41 calls with a $1.40 limit or better; for the day."
Joshua M. Belanger