Yesterday, we hit our 70% profit target on the first half of our call options in Enphase Energy Inc. (Nasdaq: ENPH) — congrats!
And we already grabbed first-half gains our trade in oil refining company Phillips 66 (NYSE: PSX).
The second half of these put options in PSX shows a triple-digit open gain at the moment.
Since the stock is trading at support and the options expire this Friday, we recommend securing your gain today to avoid any unfavorable moves in the final few days of trading.
Your Action to Take:
Sell to Close PSX July $80 Put Options
Here are your details to complete this action:
Trade Recommendation |
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Sell Action to Take |
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Stock: |
Phillips 66 (NYSE: PSX) |
Option Type: |
Put Option |
Expiration: |
July 17, 2020 |
Strike Price: |
$80 |
Option Symbol: |
PSX200717P00080000 |
Action: |
Sell to Close |
Order Type: |
Limit Order |
Duration: |
GTC (Good ‘Til Canceled) |
Limit Price: |
$18 (Anything above $18 is great.) |
Note: Do not place a market order. |
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If you have any questions about today’s trade, email our team at apexprofit@banyanhill.com.
Good investing,
John Ross
Editor, Apex Profit Alert