Visa Inc. (V) has started to recover after its unwarranted fall over the past month, and the stock is up 4.65% since last week’s recommendation.
With your June 2014 $200 call options (V140621C00200000) now up 66.67%, sell half of your options here to lock in these gains after only 10 trading days.
You also have 70.83% gains in your remaining Gaslog August 2014 $25 call options (GLOG140816C00025000). Hold on to these for now, since we have time until August to gird out a potential triple-digit percentage gain in this one.
Your ABBV May 2014 $52.50 call options (ABBV140517C00052500) are recovering nicely, with the stock jumping 3.69% in yesterday’s trading. Although these options are now in the money, they are still in the red. I’ll be keeping a close eye on this and try to time the most favorable exit possible. With the options expiring next Friday, we have little time.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
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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.
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: