Stock: Sony Corporation (SNE)
- Current Price: $50.24
- Trade: Buy July Week 3 (expires July 19, 2019) $50 Call.
- Trade Type: Market
- Current Ask: $3.10
- Once you’ve bought the call, set a 50% stop loss.
SNE saw a big surge in bullish momentum on Friday, driving past the 50% Fibonacci retracement line and surging more than 7.5% in that trading session. Short-term exit target price is $53.72.
Option Delta is 1. Estimated stock move from current price is $3.48, so the estimated option price move is $3.48. Return: 112%