Here is an update on the trade idea we sent out via text this morning.
Once again, for those having issues receiving the texts or want to receive via email, just make sure you subscribe to this forum area: https://www.optionmillionaires.com/forum/forumdisplay.php/9-SMS-Text-Alert-Archives
Also, I will try my best to post my rationale around the trade, as well as the strategy within an hour of the trade idea.
Todays Trade Idea is VMW 75 June calls .45/.50 at the time of the trade. This is a beaten down stock that has plenty of upside. This morning it tested the 69.50 triple support line and found a nice bid. Once I saw the volume I went in the weekly 72.50 calls @ .45 and went for the June 75s @ .45/.50 (less risk on those)
Will wait and see for todays action on an exit plan, but figure these will be doubles soon. And I think VMW can retest the 50 DMA of 74.27.
Stay tuned to chat and twitter for any updates. And please remember the alert last week on V. Those who did not lock 100%+ in profits were holding bidless calls by the end of the week.