Such sharp movements are a boon for option values — and a sign to take some quick profits off the table.
So sell half of your March $72.50 call options that were recommended on Monday to lock in a 57% gain in just four days!
Hold on to the stock and your remaining options for potential bigger future gains.
P.S. Finally, I will be having a special private meeting for my subscribers during the World MoneyShow in Orlando, Fla., on Friday, Feb. 11, at 11 a.m., in the Destin Room of the Gaylord Palms Hotel. If you would like to attend, please click here to sign up. I look forward to seeing you there.
Global markets rallied sharply over the past two weeks, as they often do during this time of the year. All but two of your current positions hit 52-week highs. Many of your positions paid out dividends over the past two weeks as well, which also boosted your returns.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker, financial journalist, and money manager. As well as a book author and regular contributor to numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: