Yesterday morning, I sent you a Special Alert recommending that you sell half of your Sony (SNE) July $18 call options (SNE130720C00018000) to lock in 75%+ gains.
Well, it turns out that I was overly pessimistic. The options actually opened much higher, allowing you to book 312% gains — assuming you sold the options at the open.
Sony stock ended the day a whopping 9.90% higher, and your remaining July $18 call options are up 229.90%.
After such a huge jump, options always become overvalued because of the impact of “implied volatility” in option pricing models.
So, I am recommending that you sell all of your remaining July $18 call options to lock in your 229.90% option gains.
I am also recommending that you sell one-half of your Sony shares to book a solid 22.41% gain.
Finally, raise your stop to $20.40 to ensure at least a 20% gain in the remaining half of your Sony stock.