Sell ACM and JEC Puts for Gains of 67% and 70%

By Linda McDonough • March 27, 2017

The realization that President Trump will have a rocky road ahead passing funding bills is weighing on these stocks. As both of these options expire in just one month, I’d take profits before the time value begins to fade.

The Aecom (NYSE: ACM) puts are up roughly 67% and the Jacobs Engineering (NYSE: JEC) puts up 70% since my Feb. 24 recommendation.

Sell to close the April 21, 2017 put on Aecom (ACM) with a strike price of $35.00 at $2.00 or higher. Symbol (ACM170421P35)

Sell to close the April 21, 2017 put on Jacobs Engineering (JEC) with a strike price of $55.00 at $2.30 or higher Symbol (JEC170421P55)

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03/27/17 ‐ 10:38am ET March 27, 2017 at 10:38am ET

Hi Linda, I was about to write commenting below 200 day ma and support areas on acm. It pays to be obssesive for me and flip side can; be snooze ya loose. Unfortunately I used good management skills, haha and just had 1 contract in my regular acct of each as well as 1 of each in my IRA.

Percents were somewhat bouncing around JEC 69.7% profit and 52.17%, profit were my best ones.

Cheers, pondering should I go long on [RACE] – Ferrari due to auto seasonality for month of April over a period of 18 years is up 9% for month of April. Not looking for any answer just throwin it out there.
time to check chart on HBI my only other green across my screen today from Jim Pearces arena #1

John

03/27/17 ‐ 3:27pm ET March 27, 2017 at 3:27pm ET

Linda

I’m in the process of moving my couch to a new trading platform. So as of right now I can’t close out ACM AND JEC . My Account pretty much frozen until probably Wednesday or Thursday. What do you recommend in a situation like this? Should I just keep an eye on it and hope that I can still profit later in the week? Also is there a way to receive the alerts via text message instead of my email? I don’t have a computer where I work difficult check my email on my phone. Thank you kindly

John

Derek: Las Vegas, NV

03/27/17 ‐ 11:05pm ET March 27, 2017 at 11:05pm ET

John,

Call customer service to get signed up for text alerts.

Transferring from one brokerage account to another is a huge pain! Nothing you can do now, hopefully the trades are still profitable when your account becomes unfrozen. It’s best to close all possible trades that might need attention prior to transfer initiation.

Derek

John

03/28/17 ‐ 12:11am ET March 28, 2017 at 12:11am ET

Derek,

Thank you.

John

Linda McDonough

03/28/17 ‐ 7:37am ET March 28, 2017 at 7:37am ET

Hi John,

Happy to hear you’re not moving your couch! I do think you will be able to still make some profits on these trades later this week. I don’t expect a huge bounce as sentiment in the group is not very strong. That said, keep a close eye on them as they will start to lose much of their time value as we get closer to their April 21 expiration.

Best,
Linda

John

03/27/17 ‐ 3:28pm ET March 27, 2017 at 3:28pm ET

Linda

So I’m actually moving my account not my couch 🙂

John

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About The Author

Linda McDonough

Bio | Archive

Linda McDonough is a veteran hedge fund analyst who loves to break down company financial statements and identify market inefficiencies to uncover big opportunities. She believes in a boots-on-the-ground approach that includes surveying customers, interviewing company executives, or doing whatever it takes to see what others don't.

She's now brought her experience as a hedge fund analyst to subscribers of her Profit Catalyst Alert service. Her system identifies small- and mid-cap stocks that are about to move due to catalytic events that few others can identify...until it's too late. These events often times result in massive gains for her followers.