We’ve been watching our buy on red in CME Group Inc. (Nasdaq: CME) put options.
This trade triggered an exit signal two weeks ago, but we chose to give the stock’s pattern more time to unfold for its potential to deliver us large gains.
That hasn’t happened yet. And it appears CME could climb from here. That’s not what we want to see for our buy-on-red trade. So, we recommend closing your CME puts today.
At the same time, our buy-on-red trade in Hess Corporation (NYSE: HES) put options started moving against us.
Our black and red indicator triggered an exit signal yesterday.
The price of crude oil looks poised to break out higher today. That could prop up energy and oil stocks such as HES.
So, we recommend you close this trade.
As we discussed in our weekly update on Friday, this might be the time to move into buy-on-black trades in oil stocks.
Here are today’s trade instructions.
Your 1st Action to Take:
Sell to Close CME August $180 Put Options
Here are your details to complete this action:
Trade Recommendation |
|
Sell Action to Take |
|
Stock: |
CME Group Inc. (Nasdaq: CME) |
Option Type: |
Put Option |
Expiration: |
August 21, 2020 |
Strike Price: |
$180 |
Option Symbol: |
CME200821P00180000 |
Action: |
Sell to Close |
Order Type: |
Limit Order |
Duration: |
GTC (Good ‘Til Canceled) |
Limit Price: |
$14 (Anything above $14 is great.) |
Note: Do not place a market order. |
|
Your 2nd Action to Take:
Sell to Close HES August $50 Put Options
Here are your details to complete this action:
Trade Recommendation |
|
Sell Action to Take |
|
Stock: |
Hess Corporation (NYSE: HES) |
Option Type: |
Put Option |
Expiration: |
August 21, 2020 |
Strike Price: |
$50 |
Option Symbol: |
HES200821P00050000 |
Action: |
Sell to Close |
Order Type: |
Limit Order |
Duration: |
GTC (Good ‘Til Canceled) |
Limit Price: |
$2.10 (Anything above $2.10 is great.) |
Note: Do not place a market order. |
|
If you have any questions about today’s trades — or your subscription moving forward — feel free to email our team at apexprofit@banyanhill.com.
And stay tuned for our weekly update this Friday, where my colleague Chad Shoop will be joining me to answer your questions and discuss the important changes to Apex Profit Alert.
Good investing,
John Ross
Editor, Apex Profit Alert