Option Alert: Sell SHOP Calls for amazing 213% profit
Take this action:
We are taking following action:
Sell, to close, SHOP Sept 15, 2023 $50 Calls @ $17.75 or better
We bought them at $5.65
We are booking 213% profit on these call that we bought on Dec 9 last year.
Although, we have more time for this option to get expire, but we want to book profits today, utilizing the recent action in growth stocks.
Original Alert:
Chart when alert was posted:
Chart when we are booking 213% profit:
Analysis:
SHOP has potential to move up a little bit more, if you prefer to hold you can but keep a strict stop, so that you can still get out with profits.
If you like to see more of such option trade alerts, please subscribe to get premium email alerts, not only for options but also to Build Portfolio 2023.
-Alpha Staff