After checking all of the boxes for a great, cheap option, our pick from yesterday also checked one more. 15% win opportunity. The best part about finding these really low priced options is you can just lock in that gain or let it ride and see if the momentum pulls PCG higher.

If we follow one of my favorite rules for deciding if I want to stay in a trade or get out, the chart makes this one pretty easy, take a look. Here’s that rule and what the chart suggests.

I’ll start by saying that in this market a bird in the hand is worth everything. Don’t hesitate to take the win. But if you are so inclined, the MACD Crossover only got better today. The rule that is very helpful when choosing whether to hold or exit is from Keith Harwood “Would I take that trade today?”

With cheap options like this a few contracts are reasonable to buy and fit with in a “risk capital” chunk of your account nicely. We’ll watch this tomorrow at the open and see how it looks.

BTW, the ZM Calls moved into profitable territory and seem to have built up momentum. We will keep an eye on that as well.

Keep learning and trade wisely,

John Boyer

Editor

Market Wealth Daily

P.S.–Momentum is shifting hard and the traditional indicators are simply not keeping up. If you are looking to spot real moves that avoid getting caught up in the headline ticker meat grinder, you need to know the new momentum rules. Here is a way to get up to speed quickly.