Option Traders Cash in $PANW

In our TNT options trading service we discussed Palo Alto Networks($PANW) for a potential momentum option trade.

Our webinar was on Tuesday April 17th and discussed the potential flat line catalyst that allowed our subscribers to jump into the stock.

When you are trading momentum you want to find stocks that are going to move with the market with good support/resistance and plenty of room to run.

We choose PANW for the correlation to the market movement and the potential test of the horizontal flat line.  Subscribers jumped in as it was supporting at this line around $190.

We showed the first resistance level of $191.96 and the stock proceeded to run as high as $193.23.

We gave a signal to lock in profits as the market started to give up momentum near the end of the day.

Subscribers could have bought the front expiration April 20th, 190 calls  for about $2.50 and sold them for over $3.50.  This is a $1 profit  or a 40% return on risk.  Some of our subscribers locked in between 30-50% ROR.