As Aflac becomes technically over-extended, its time to book gains…
On September 10, we recommended a buy on the stock [$57.10 entry], the January 57.50 call [$2.90 entry] and the January 60 call [$1.85 entry].
At the moment, the stock trades at $60.83.
That gives us a 7% gain on the stock. Take it.
The move pushed our January 57.50 call to $4.60 on the day – a gain of 59%. Sell to close the trade.
The move also pushed our January 60 call to $2.65 – a gain of 43%. Sell to close this trade, as well.
We can always buy back in. Hold all open positions.
Ian L. Cooper
Rapid Retirement System