Traders Daily: Protect Your Wins on AbbVie Calls

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Just weeks ago, we recommended the ABBV stock at $74.55.  It’s now up to $76.55, and remains a hold.  We have a near-term price target of $80 on the stock.

At the same time, we recommended the ABBV January 2020 75 calls, as they traded at just $3.15.  The calls are now up to $4.62, as of Friday.  We’re recommending that you sell to close half of this trade to secure a win.  So, if you bought 10 contracts, exit five.  Hold the rest.

Let’s also exit the second half of the ETSY December 2...

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