Sell Mueller Water (NYSE:MWA) May 12.5 calls for 80% Gain
Sell to close the May 19, 2017 call on Mueller Water (MWA) with a strike price of $12.50 at $0.40 or higher. Symbol (MWA170519C12.5)
Mueller is gushing higher with the market today. While I expect good news when the company reports earnings this Thursday (after market close with a call Friday morning), an 80% gain in five short trading days is too good to pass up.
These are May calls with roughly four weeks until expiration. The price of the calls will continue to rise if the stock remains above the $12.5 strike price so those wishing to hedge themselves can put a $.35 stop loss on their call position.
Stock Talk
Jeff Wiume
Linda, can we still take a long position with MWA
Linda McDonough
Hi Jeff,
Yes. My target is $18 and I have a buy up to limit of $13. The sell yesterday was on the calls, which moved up quickly. MWA reports earnings tomorrow so I would buy half of your full position now and then half after.
Best,
Linda
You must be logged in to post to Stock Talk
You must be logged in to post to Stock Talk
Sydnee Alenier
Bought this stock after the Summit. Thanks, Linda! Options look good. Pleasure meeting you
Linda McDonough
A pleasure to meet you as well Sydnee! Thanks so much for attending the Summit and happy the trade is working out for you.
Best,
Linda
You must be logged in to post to Stock Talk
You must be logged in to post to Stock Talk
Add New Comments
You must be logged in to post to Stock Talk