Broad markets are seeing early weakness after a three day weekend, but Hot Money is active and has triggered a new bullish alert.
- Buy-to-open Glu Mobile Inc. (NASDAQ: GLUU) June 19, 2020, $7 call (GLUU200619C00007000) up to $1.30 per contract or better, for the day.
If our Hot Money signal is right and shares of Glu Mobile Inc. (NASDAQ: GLUU) 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 GLUU June 19, 2020, $7 call:
- The symbol is GLUU200619C00007000.
- Search for options under the stock ticker: GLUU.
- Make sure you choose the right options expiration (expiring on June 19, 2020).
- Choose the $7 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 $1.30 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 GLUU June 19, 2020, $7 call with a $1.30 limit or better; for the day."
