Sell Texas Instruments January Call for 53% Profit

By Joe Duarte • November 23, 2016

It’s time to give thanks and take profits on the Texas Instruments January 70 call option. I recommended the the option along with the stock in the September issue of Breakthrough Tech Profits. And while the stock has done well- up nearly 11% as of the close on 11/22/16 – the option has been even better. So we’ll keep the stock and take an early Texas sized Christmas present on the option.

Sell to close Texas Instruments January 70 Call Option (TXN_012017C70. Bought on 8/29/16 at $3.49. Closing price on 11/22/16 was $5.35 for a total return of +53%. Happy Thanksgiving to all!

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Ben Mirtz

11/27/16 ‐ 6:01pm ET November 27, 2016 at 6:01pm ET

But I don’t do options! I don’t remember seeing this in your ad. What should I do? Cancel?

Jim Pearce

11/28/16 ‐ 9:35am ET November 28, 2016 at 9:35am ET

We offer options recommendations as a supplement to our core of stock positions for investors who are so inclined, but individual stock recommendations remains our core portfolio strategy. We will be narrowing our focus heading into next year now that we know the outcome of the election, so be on the lookout for several new stock recommendations in the upcoming edition of BTP.

Maria R

11/28/16 ‐ 1:51pm ET November 28, 2016 at 1:51pm ET

On your portfolio special situations MBLY is a sell, in your Nov issue, MBLY is a buy. thank you for clarifying.

Jim Pearce

11/28/16 ‐ 2:53pm ET November 28, 2016 at 2:53pm ET

Hi Maria. The following week we sold MBLY out of the portfolio in an article that ran in Breakthrough Tech Weekly: http://www.investingdaily.com/breakthrough-tech-profits/articles/29476/slimming-down-before-fattening-up/.

Maria R

11/29/16 ‐ 1:42am ET November 29, 2016 at 1:42am ET

Thanks. I missed that. Will be more careful next time.

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About The Author

Joe Duarte

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Dr. Joe Duarte is Chief Investment Strategist and Editor of Profit Catalyst Alert and Weekly Cash Machine. He has been a professional investor and independent analyst since 1990. He is a former Registered Investment Advisor and author of the Bestselling "Options Trading for Dummies," now in its 4th edition and several other books including "Market Timing for Dummies" and "Successful Biotech Investing". Although Joe's favorite areas of the market are technology and healthcare, he is a versatile investor who enjoys finding that hidden gem stock before the crowd, no matter what the sector. He is an original CNBC Market Maven, and is visible regularly on Stockcharts.TV. He has published articles on Marketwatch.com and has been widely quoted in the major media including The Wall Street Journal and Barron’s magazine.