Categories: Bull Market Alert HotlinesStock Market News

Doubling Down on an Expectation for a Bounce

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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