Sell Alert: July 7, 2014

Sell Alert:  July 7, 2014

 

Trade Details

Sell THL Credit (TCRD) July $12.50 Calls for $1.35 or better

 

 Why?

TCRD has pulled back a bit after failing to break through strong resistance. We don’t want to take a chance that the stock will drop all the way to the 50-day moving average. As such, let’s go ahead and sell our calls here and book the profit.

At the current price, we’ll lock in 28.6% gains on this trade.

 

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Category: OTW Sell Alerts