Buy Alert: April 8, 2015
Buy Alert: April 8, 2015
Trade Details
Buy GoPro (GPRO) May 16th 48 Calls for $1.70 or better (lower)
Why?
GPRO is a leader in wearable video devices. The stock has had a tough 2015 so far, down 31% for the year. However, the shares are sitting right at the key 50-day moving average. A breakthrough could take the stock all the way up to the 200-day moving average, just under $60. The company is due for some big news, and we’re betting it will happen by May expiration.
We’re going to buy May calls. Conservative investors can take profits at $50. Aggressive investors can hold up to $55. For risk control, conservative traders should exit at $40, while more aggressive traders can hold down to $35.
Recent Activity
Category: OTW Buy Alerts
