When Can We Take Profits?
On Friday morning, I got a question from a subscriber:
Where does this need to go to make the trade profitable? Current stock is $201.33
The trade he was referring to was our call spread onPowell Industries, Inc.(NASDAQ:POWL). That's a small cap industrial that's essentially a picks & shovels play on increased demand for energy.
Our trade on POWL last month was a vertical spread expiring on December 20th, buying the $185 strike calls and selling the $190 strike calls, for a net debit of $1.60. If...
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