Our call options on Activision Blizzard (Nasdaq: ATVI) continue to climb, and they’re now up more than 200%, so it’s time to increase our stop-loss order.
But before I get into those details, I wanted to take a moment to officially introduce myself.
I’m Chad Shoop, a Chartered Market Technician who has been working behind the scenes with Jeff since the beginning to bring you this excellent Earnings Drift Alert service.
I’m extremely excited about the possibilities this system offers, and I’m humbled by the opportunity to take the reins from Jeff.
Just so you know, this isn’t my first rodeo. I currently run two other highly successful premium services that you may have heard of: Pure Income and Automatic Profits Alert.
I’ve also been keeping tabs on the Earnings Drift Alert portfolio with Jeff since the start. I’ve followed how he managed it, and I’ll continue on that same path since I’ve seen your feedback on how easy this service has been for everyone to follow.
With that said, let’s get to our trade. Today is one of those days we need to ratchet up our stop on an open position.
In Activision Blizzard, we own the April $45 call options, and that position is now up 208% in a little over two weeks.
We closed the first half of this position on March 1 for an 89% gain. We have been steadily increasing our stop since then, and now it’s time to bump it up to protect a 175% gain on the second half of this trade.
Based on our official entry price, we’ll place this stop at $4 in the portfolio. Please place yours at whatever nets you a 175% gain based on your individual entry price.
You can either edit your existing stop order or cancel it and place a new stop order based on the info below. Whichever is easier for you.
Here’s your action to take:
|Action to Take|
|Sell Action to Take|
|Stock:||Activision Blizzard Inc. (ATVI)|
|Option Type:||Call Option|
|Action:||Sell to Close|
|Order Type:||Stop-Loss Order|
|Duration:||GTC (Good ‘Til Canceled)|
|Trade Deadline:||Keep this order open until it is filled or canceled.|
That’s all for this week.
Remember, we are basically out of this earnings season, so our trade alerts will slow down somewhat in the next couple of weeks.
Our next set of trades is geared to begin in about two weeks, depending on which stocks meet our parameters. But we still have a trade left from this season in Monster Beverage, which we’ll look to enter early next week.
In the meantime, I’ll continue to monitor our portfolio and alert you whenever there is any action to take. And please know that you can always reach out to me at email@example.com.
Chad Shoop, CMT
Editor, Earnings Drift Alert