We’re kicking off the week with another quick gain.
Earlier today, our stop-loss orders to protect a 10% gain in the second half of our Best Buy calls were triggered.
So we’re officially out of this position.
Remember, last Tuesday we sold the first half of our Best Buy calls for a 50% gain in just three days. So that means we’re exiting the total position with about a 30% overall gain — not bad for less than two weeks.
If your position was not closed for whatever reason, go ahead and sell your Best Buy calls at the market to preserve your profits.
There’s still one company left on our list that will report earnings this season. It’ll publish its results after the closing bell tomorrow, so keep an eye out for a dispatch later this week. I’ll be keeping tabs on the company, and I may have an alert for you if it meets our parameters.
In the meantime, I’d love to know how you did on this trade. What gains did you make overall, and was the trading process easy? As always, you can reach me at email@example.com.
Until next time, good trading…
Editor, Earnings Drift Alert