Take Profits on LMT 10-9-16 Posted at 9:57 EDT

As I mentioned yesterday I think we should close the position on LMT now or at least before the close of the day.  I closed my trade shortly after the open for better than a 70% winner.  It’s rare to have a credit spread trade show this much profit in just a week so there is no need to endure the risk of a bounce when we can bank such a nice win on a Friday!

Doug

Click Here to Watch The Alert Video

Click Here to View The Trade Sheet

Adjust Stop on LMT 10-6-16 Posted At 2:02 EDT

The LMT trade looks really good breaking the support and I’m hoping it goes a bunch lower… However, with the big news out in the morning, I want to move the stop nice and tight to try and protect the +50% gains we have in the trade right now.  Please keep in mind if the stock gaps up the stop will not protect us in the way would hope, so if you are happy with the current gains, then take the trade off before the close.

Doug

Click Here to View The Trade Sheet

Click Here to Watch The Video