A ‘Visionary’ Tech Play and Booking Yet Another Triple-Digit Option Gain

Nicholas Vardy

Nicholas Vardy has a unique background that has proven his knack for making money in different markets around the world.

It is a busy week for Momentum Trader Alert, with a new stock recommendation, taking a pair of double- and triple-digit-percentage option gains and a pursuing a new option recommendation on an existing position.

This week’s Momentum Trader Alert recommendation is yet another technology play. Here are the key details.

Founded in 1981 and headquartered in Natick, Massachusetts, Cognex Corporation (CGNX) is the world’s leader in the machine vision industry. The company designs, develops, manufactures and markets machine vision systems used for automating the manufacture of a wide range of discrete items and for assuring their quality.

Cognex Corporation (CGNX) vs. S&P 500 year to date.

Momentum Trader Alert Analysis

Recommendation

Buy Cognex Corporation (CGNX) at market today, and place your stop at $114.50.

I am holding off on recommending options in this position as they are currently overvalued after Friday’s big jump in the stock price.

Portfolio Update

Selling Options

Sell all of your Cigna Corporation (CI) November $185 calls, which last traded at $16.00, for a 200% gain.

Sell half of your Texas Instruments, Inc. (TXN) January $92.50 calls, which last traded at $6.70, for a 48.89% gain.

Buying Options

Buy the Raytheon Company (RTN) February $185 calls (RTN180216C00185000), which last traded at $6.20 and expire on Feb. 16.

Raising Stops

Raise your stop in CBOE Global Markets Inc (CBOE) to $110.20 lock in a 20% gain in the stock.

Sincerely,

Nicholas Vardy

Nicholas A. Vardy

Exclusive  Riding the Back of the Bull Market in High-Yield Assets

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