We have another triple-digit winner on our hands as our Coinstar (CSTR, $58.21, down $1.11) put options are now up 117% in just 6 days! We are going to close HALF of the trade to lock-in profits but we have a feeling shares could test double-nickels ($55).
We have also raised the Hard Stop in case shares rebound but we will enjoy further gains if the stock keeps sinking.
Subscribers, check the Members Area for the trade instructions.
We will be back in about an hour with our midday update.