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Posted On: 05/10/2017 3:11:28 PM
Post# of 2218
$Trex (TREX)
Buy to open the Trex (TREX) Jun 85 calls (TREX170616C00085000) at $0.95 or lower. After entry, take profits if the stock price hits $81.60 or the option price hits $2.90. Exit if the stock price closes below $71.30.
Remember, if a profit target is hit intra-day, exit and take profits immediately. If the position closes at or below the stop loss, exit the trade the next morning at the open.
Additionally, if a trade has neither hit the stop-loss nor the target within three weeks of entry, close the position. Ken does not recommend holding an option play for more than three weeks.
Buy to open the Trex (TREX) Jun 85 calls (TREX170616C00085000) at $0.95 or lower. After entry, take profits if the stock price hits $81.60 or the option price hits $2.90. Exit if the stock price closes below $71.30.
Remember, if a profit target is hit intra-day, exit and take profits immediately. If the position closes at or below the stop loss, exit the trade the next morning at the open.
Additionally, if a trade has neither hit the stop-loss nor the target within three weeks of entry, close the position. Ken does not recommend holding an option play for more than three weeks.
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