Sell Alert: February 14, 2014

| February 14, 2014

Sell Alert:  February 14, 2014


Trade Details

Sell General Cable (BGC) February $30 Calls for $1.10 or better



I was planning on holding BGC for a bit longer, but we got another big move today.  The stock has broken through the 200-day moving average, but it hasn’t closed above that level.  Rather than take a chance of a pullback, let’s sell our calls now.  Remember, these options expire next week.

At the current price, we’ll get back the lion’s share of the $1.25 we paid for this trade.


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Category: OTW Sell Alerts