We’re kicking off the week with a rally in the markets and a new bullish Hot Money buy alert that has triggered.
- Buy-to-open the SmileDirectClub, Inc. (NASDAQ: SDC) April 17, 2020, $4.50 call (SDC200417C00004500) up to $0.45 per contract or better, for the day.
If shares of SmileDirectClub, Inc. (NASDAQ: SDC) 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 SDC April 17, 2020, $4.50 call:
- The symbol is SDC200417C00004500.
- Search for options under the stock ticker: SDC.
- Make sure you choose the right options expiration (expiring on April 17, 2020).
- Choose the $4.50 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 $0.45 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 SDC April 17, 2020, $4.50 call with a $0.45 limit or better; for the day."