Sell Masco April Calls for 30% Gain
Sell to close the April 18, 2019 call on Masco Corp (NYSE: MAS) with a strike price of $33 at $1.75 or higher for a 30% gain in less than one month. Symbol (MAS190418C33)
The stock is trading right near the strike and will continue to rise if the stock moves higher. These calls do not expire until April so some subscribers may choose to place a stop loss on the position.
I still like the stock very much but recent action in some other housing suppliers like Masonite (NSDQ: DOOR) makes me a bit nervous. I’d rather book the gain and revisit the options trade.
If you own the stock outright, I suggest holding on to that position. This is a trade for the options only.