12:30pm (EST)
Folks, we hit one out of the park today and we are smiling (no pun intended as you will see). We have been busy all morning updating the action in our Members Area and we have another trade on the tip of our tongue as we speak.
We have been talking about Nike (NKE, $75.10, up $4.22) in our Members Area all week and we thought we would give those of you who haven’t joined us a sneak peak. Here were our thoughts when we recommended a Nike call option trade in our 9am update yesterday morning:
“Action: Tiger is back and the company reports earnings after the bell today. It’s almost too good to be true and it just feels funny how all of this is coming together. In fact, it almost feels like the perfect “buy the rumor, sell the news” event.
We are going to be honest with you. This feels like a setup and we could get a baseball bat to the face on this trade if we are wrong. But we like it and the options are only 50 cents. A 10 contract trade is $500.
We recommended a Nike call option the last time out the company reported earnings which was back in November. That trade returned 173% for our subscribers and we are hoping this one doubles.
We doubt the stock moves 10%, or $7, on Thursday’s open but we do think a 5% move is a given. That should be plenty to make the April 75’s double.
If Nike misses, we still have 5 weeks before the options expire. Roll the dice. Use limit orders of up to 65-75 cents but try to get them cheaper at the open. If the calls open HIGHER than 75 cents, VOID the trade.” (END)
The calls we mention opened at 50 cents yesterday so we got even better prices than we anticipated. They closed for a 50% paper profit by Wednesday’s close but have exploded today and are currently trading at $1.85. We alerted our subscribers to close half of their position into strength but we can still ride the wave if Nike runs to $80.
We also have another trade we are profiling that we think has the chance to at least double so we released today’s update a little early. We are also close to shutting down another trade for a 50% profit so timing is crucial for current subscribers.
As we head to press, the Dow is up 7 points to 10,740 and is going for 8-in-a-row. The Nasdaq is down 2 to 2,386 while the S&P 500 is off 3 points to 1,162.
Tags: Nike call options, Nike earnings, NKE, NKE call options, option picks, option signals, options alerts, stock option picks, stock options trading
This entry was posted
on Thursday, March 18th, 2010 at 11:38 AM and is filed under Hot Stocks, Market Commentary, Money Management.
You can follow any responses to this entry through the RSS 2.0 feed.
Both comments and pings are currently closed.
Get RSS Feed
Nike (NKE) Call Options Hit 235% Return
12:30pm (EST)
Folks, we hit one out of the park today and we are smiling (no pun intended as you will see). We have been busy all morning updating the action in our Members Area and we have another trade on the tip of our tongue as we speak.
We have been talking about Nike (NKE, $75.10, up $4.22) in our Members Area all week and we thought we would give those of you who haven’t joined us a sneak peak. Here were our thoughts when we recommended a Nike call option trade in our 9am update yesterday morning:
“Action: Tiger is back and the company reports earnings after the bell today. It’s almost too good to be true and it just feels funny how all of this is coming together. In fact, it almost feels like the perfect “buy the rumor, sell the news” event.
We are going to be honest with you. This feels like a setup and we could get a baseball bat to the face on this trade if we are wrong. But we like it and the options are only 50 cents. A 10 contract trade is $500.
We recommended a Nike call option the last time out the company reported earnings which was back in November. That trade returned 173% for our subscribers and we are hoping this one doubles.
We doubt the stock moves 10%, or $7, on Thursday’s open but we do think a 5% move is a given. That should be plenty to make the April 75’s double.
If Nike misses, we still have 5 weeks before the options expire. Roll the dice. Use limit orders of up to 65-75 cents but try to get them cheaper at the open. If the calls open HIGHER than 75 cents, VOID the trade.” (END)
The calls we mention opened at 50 cents yesterday so we got even better prices than we anticipated. They closed for a 50% paper profit by Wednesday’s close but have exploded today and are currently trading at $1.85. We alerted our subscribers to close half of their position into strength but we can still ride the wave if Nike runs to $80.
We also have another trade we are profiling that we think has the chance to at least double so we released today’s update a little early. We are also close to shutting down another trade for a 50% profit so timing is crucial for current subscribers.
As we head to press, the Dow is up 7 points to 10,740 and is going for 8-in-a-row. The Nasdaq is down 2 to 2,386 while the S&P 500 is off 3 points to 1,162.
Tags: Nike call options, Nike earnings, NKE, NKE call options, option picks, option signals, options alerts, stock option picks, stock options trading
This entry was posted on Thursday, March 18th, 2010 at 11:38 AM and is filed under Hot Stocks, Market Commentary, Money Management. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.