Sell Alert: August 2, 2013

Marcus Haber | August 2, 2013

Sell Alert: August 2, 2013

Trade Details

Sell Qualcomm (QCOM) August $65 Calls for $1.75 or better

Why?

Well there you have it! In the update yesterday, I wrote that I planned on waiting one more day to see how QCOM would react to the jobs news. And, it’s a great thing we did. Technology stocks are getting a boost today and QCOM has jumped over a $1 higher. The big move has pushed our call value up significantly and it’s now a 66.7% winner! With time decay set to kick in, we’re going to take our profits off the table today. Sell your calls now and collect the gains.