Yesterday morning, we mentioned that we would be “monitoring the in-the-money Calls on BBY… with a strike price at $33.50 and below.” It turned out to be a good decision, as the $33.50 08/23 BBY Calls ran hard out of the gate, only to dip to a low of .50 before an afternoon increase to a new high of 1.44, and settling in to close just a few ticks below at 1.42.
Yesterday was proof-positive that strong earnings reports like the one BBY released on Monday are often conducive to generating chances for sizable options-trading gains. The move marked the opportunity for intraday gains of up to 188%
Earnings-release season is winding down for now, but given all of the success we’ve had in situations like the one that presented itself here, we’re sure to be ready and waiting to take full advantage once the next season begins in a few months’ time.
Wild Craze, Inc. WILD
The inevitable end to the recent spike for WILD came yesterday, as the stock tanked back to a low of .32, however, opportunity presented itself once again in the form of a bounce back to .a high of .594.
Our original mention of the stock yielded a possible gain 63% as we saw it move from .35 to .57. Then yesterday’s bounce added a chance at another 52% on top of that, bringing our cumulative gains on WILD so far to as much as 115% In the event we see another pullback, we’ll be keeping our eyes peeled for similar bounce-action to follow.
Extended Watchlist:
EWSI, SGOC, OINK, VELT(Gapping down to all time lows keep on watch for a potential bounce)