With U.S. stocks trading in a choppy manner, you hit two more stops on your Momentum Trader Alert positions this past week.
Albemarle Corp. (ALB) stopped out on June 12 at $112.15 for a 10.35% gain. In addition, Nanometrics, Inc. (NANO) stopped out on June 14 at $26.50 for a 13.57% loss.
This week’s Momentum Trader Alert recommendation takes you to London, England, with Aon PLC (AON). This insurance giant provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide.
Aon PLC (AON) versus the S&P 500 year to date.
Momentum Trader Alert Analysis
Buy Aon PLC (AON) at market today and place your stop at $130.00.
If you want to play the options, I recommend the AON October $135 calls (AON171020C00135000), which last traded at $5.17 and expire on Oct. 20.
With several positions pulling back but still in long-term uptrends, I am making the following option recommendations if you want to take on more risk
Buy the Intuitive Surgical (ISRG) October $920 calls (ISRG171020C00920000), which last traded at $49.10 and expire on Oct. 20.
Buy the Mastercard (MA) September $120 calls (MA170915C00120000), which last traded at $5.55 and expire on Sept. 15..
Nicholas A. Vardy