With your PAL March $7.00 calls up 140% and your RIG May $80.00 calls up 146%, sell all of your remaining options to lock in your triple-digit percentage gains. Note that your RIG options gained this amount in only six trading days.
Rest assured, I intend to recommend new options on each of these in the near future on any sign of an (inevitable) pullback. Recall that I did the same with Sina Corporation.
On the down side, I am recommending that you close out your UEC Feb $7.50 calls at a loss. These actually doubled in price yesterday — but the chances of UEC hitting $7.50 in a month are slim. Best to cut your losses here.
It's been a big week in Global Bull Market Alert. You booked 126% profits in Sina Corp (SINA) -- "China's Twitter" -- last Tuesday in just seven trading days. The stock itself is up an eye-popping 72% since my initial recommendation -- soaring 16.1% last week alone. I'll likely be recommending more options on this one, as soon as the stock takes a breather. The current high level of volatility in the stock makes the options quite expensive. Raise your stop to $69.00.
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.
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:
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: