We have a special situation brewing on one of our favorite stocks to trade. In September, a LEAP option trade made our subscribers 213% in a little over a month.
We like the risk/ reward and we are suggesting new positions at current levels on a stock we have done major research on. We are getting the EXACT same setup we did 3 months ago with some pending news possibly coming by the end of the month. The company’s CEO recently purchased 150,000 shares between $8.55-$9.12. The stock is currently down 9% on acquisition news, as is normally the case for an acquiring company, and is at $8.30.
Subscribers, check the Weekly Wrap Premium section/ Members Area for the update.
Special Note: We also have a Profit Alert for Krispy Kreme Doughnuts (KKD, $18.55, up $0.10). The winning trade gets our 2013 Track Record to 41-4 for the year.
Tags: LEAP option trade