It’s been a bumpy ride, but we finally got the move we’ve been waiting for, and it’s time to take in our gains on this position.
Our EMR November 15, 2019, $67.5 calls are showing a double-digit gain with the underlying up 3.70% in today’s session.
Closing this trade right now will book a 50% gain on this trade!
With prices of the underlying moving right back into resistance, it’s smart we take our gains to the window and cash out.
Here’s what to do…
Action to Take:
- In your brokerage account, locate the EMR November 15, 2019, $67.5 calls:
- Locate the options in your portfolio with the ticker: EMR.
- The symbol is EMR191115C00067500.
- Select how many contracts you want to sell.
- Once you have the right contract, click "sell to close."
- Choose "limit order." (This sets the max price you'll pay per contract).
- Use a limit of $2.25 per contract.
- Click "Day" for TIF (Time In Force).
- Then click "sell" to transmit the order.
- You can also call your broker and say, "I want to sell to close EMR November 15, 2019, $67.5 calls at $2.25 or better, for the day."
Congrats on your winning Hot Money trade!
We love hearing about your success, so please take a few moments to let me know how YOU fared in this trade.
We’d love to hear from you.