When we picked up the EBAY January 2015 52.50 calls on June 30, the underlying stock was on the floor. MACD and RSI were excessively oversold, allowing us to pick up these calls around $2.60.
The calls now trade at $3.70 for a gain of 42%.
While there’s still plenty of time remaining on these calls, we’re recommending that you sell to close it for gains now. The underlying stock looks a bit toppy and oversold on our technical pivot points. Knowing we can always buy back in, we’re taking our gains and walking away.
Hold all other positions. Look for newer positions shortly.