Flash Sell: Exit Now for Better Opportunities

June 4, 2020

It's time to cut bait and move onto the next trade.

  • Sell-to-close Tyson Foods Inc (NYSE: TSN) June 5, 2020, $65 call (TSN200605C00065000) at the market.

Yesterday, chicken companies sold off after a federal grand jury in Colorado indicted current and former executives at Pilgrim's Pride.

The market knee-jerk reaction took down shares of Tyson Foods.

Today, shares recovered and are up 5.74%.

Unfortunately, these options expire tomorrow and there’s a 40% probability shares will trade up to $65.

Let’s be smart and preserve our capital.

Action to Take:

  • In your brokerage account, locate the TSN June 5, 2020, $65 call:
  • Locate the options in your portfolio with the ticker: TSN.
  • The symbol is TSN200605C00065000.
  • Select how many contracts you want to sell.
  • Once you have the right contract, click "sell-to-close."
  • Choose "market."
  • Then click "sell" to transmit the order.

You can also call your broker and say, "I want to sell-to-close the Tyson Foods Inc (NYSE: TSN) June 5, 2020, $65 call (TSN200605C00065000) at the market."

Losing can be frustrating, but we’ll continue to follow the system and get them on the next one.





Joshua M. Belanger
Joshua Belanger is founder of CounterVest and the editor of Hot Money Trader. He has been providing ordinary investors blockbuster returns since 2008. In 2018, the average return of Hot Money Trader beat the markets by over 15%