Trade Alert

Trade Alert

Today, we're closing our bullish trade on Wal-Mart (WMT). WMT gapped higher this morning on an analyst upgrade from Citi -- citing the company's ability to compete with Amazon (AMZN). This move has WMT hitting our price target and hitting some resistance at $100. We think this is an excellent opportunity to take some quick profits off the table. We recommend exiting this trade today.

ACTION:

Take profits and 'sell to close' the WMT January 100 Call (WMT180119C00100000) at market.

Portfolio Update:

If you haven't already entered the following and can still get in for a price below our recommended maximum, we still recommend entering: