Our Hot Money Tracker has a new buy alert that has triggered.
Our tracker has alerted us to some very interesting activity Editas Medicine, Inc. (NASDAQ: EDIT).
Hot Money is making a move on Jan. 3, 2020, $45 strike with $60,000 in call options contracts purchased.
For these to make money, they would need a $15 move higher in the next 28 days.
Normal investors wouldn’t risk that kind of money on such a low probability bet... unless they were confident that something could be coming out in the next few days that could shot prices higher.
I’ve seen this way too many times that I want to be alongside.
Here's what we're doing...
We're buying to open the Editas Medicine, Inc. (NASDAQ: EDIT) Jan. 3, 2020, $45 calls up to $0.35 per contract or better, for the day.
Action to Take:
- In your brokerage account, locate the EDIT Jan. 3, 2020, $45 calls:
- The symbol is EDIT200103C00045000.
- Search for options under the stock ticker: EDIT.
- Make sure you choose the right options expiration (expiring on Jan. 3, 2020).
- Choose the $45 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 $0.35 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 EDIT Jan. 3, 2020, $45 calls with a $0.35 limit or better; for the day."
If Hot Money is right that shares of Editas Medicine, Inc. (NASDAQ: EDIT) prices will soar higher in the coming days, our calls would quickly increase into a double or triple-digit gain - giddy up!