You were stopped out of your position in the Direxion Daily Small Cap Bull 3X Shares (TNA) during intraday trading yesterday. Remember that whenever we stop out of a stock, we sell any related options positions as soon as possible. This means that when TNA stopped out, yesterday’s recommendation of the IWM Jan. $111 calls should have been sold as well. However, subscribers still holding the IWM calls should remain in the position; see below.
If you hit your stop of $59.50 on TNA, I recommend that you re-enter this position and place your new stop at $49.50.
I am also recommending you re-enter yesterday’s recommendation, the iShares Russell 2000(IWM160115C00111000) January $111 calls.
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Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers: