ITG Call Option Trade Alert

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%

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