We have another Profit Alert for our Weekly Wrap as one of our current trades was stopped out before yesterday’s close. The trade made us 16% as our Hard Stop was triggered at $3.35. We were in at $2.90.
Our Weekly Wrap is now 33-3 for 2013 and 77-5, overall, since 2011.
We also mentioned we would be starting a new section for our Weekly Wrap by using LEAP options to play the longer-term moves of a stock. We were going to wait until next Tuesday to start 1-2 new positions but one of the stocks we are following continues to hit 52-week highs.
The options we are recommending are trading for $1.40 and are January 2014 calls. This gives the trade 131 days for shares to make a run past $30. They are currently around $26 and a run to $33 would double your money. At $34+, the trade would be a triple.
Subscribers, check the Weekly Wrap Premium section for the Profit Alert and New Trade!