Did You Earn 23% In The Last Two Days?
Source: http://feeds.feedburner.com/~r/StocksOptionsBlog/~3/365819219/Posted on Friday, August 15th, 2008 | In Market Commentary, Stocks to Watch
Contributed by: Daniel Shepard (http://www.navivest.com/blog) -
On Wednesday, Ctrip.com (CTRP) released Q2 earnings that impressed Wall Street enough for the stock to move over 10 points on Thursday. Wednesday afternoon, we sent an alert to our Options Capitalist subscribers to buy September 50 calls and September 40 puts on CTRP.
We told them to buy at a ratio of 5 calls to 6 puts. We got in at $1.80 for the calls and $2.00 for the puts. We are still in the position and the calls are now trading at $5.30. If we sold the calls now, we would realize $2,650. Less the $2100 that we spent, that’s a profit of $500 on the trade, or 23% in just two days.
If you’d like trading ideas like these, then start a free two week trial to The Options Capitalist. To do so, just send an email to navivest at navivest.com.
Last 5 posts by Daniel Shepard
- Trade Recommendation For 10/15/09 - October 14th, 2009
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- Stock Market Report – 10/13/09 - October 13th, 2009
- Stock Market Report – 10/13/09 - October 13th, 2009
 About Daniel Shepard (http://www.navivest.com/blog)
Daniel Shepard is an Equity Analyst with Navivest, a stocks and options trading advisory services company that provides trading ideas on a subscription basis. |
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