Buy Alert: April 8, 2015

| April 8, 2015

Buy Alert:  April 8, 2015


Trade Details

Buy GoPro (GPRO) May 16th 48 Calls for $1.70 or better (lower)



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.


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Category: OTW Buy Alerts