בס״ד

BIG WINS: 265% and 196%! Then We Cannibalize the Car Parts People! (LKQ, GNRC, APPS)

Posted on June 16, 2021

Two trades to close today before we move to today’s offering.

And we start with GNRC.

The trade’s details can be found HERE, and can be summed as follows – we’re sitting on a NET credit of $7.10 with a short August 250 PUT still open.

And we say it’s time to buy it back.

It goes for $1.80.

After the repurchase, our take is a NET $5.30 on $2.70 spent.

And that’s a very cool 196%.

Our APPS trade, whose details are available HERE, has us $10.16 in the black and holding two short June 18th 70 CALLs.

Those CALLs go for $1.70 each today, and we’re recommending you buy them back for a total NET return of $6.76.

And that, on an initial outlay of just $2.55.

And that’s a blockbuster 265%, friends.

This Week’s Trade…

We’re going after big game this week in LKQ Corp. (NASDAQ:LKQ), global sellers of every sort of part, used and new, your car might desire.

The trade is speculative, so for those who don’t appreciate that sort of thing, it’s time to put her in PARK.

For those who want to venture almost nothing for a potentially big payday, however, consider the following charts.

First, the daily –

Faith, friends, in the Al-mighty G-d of Israel, Who neither slumbers nor sleeps!

And many happy returns,

Matt McAbby

 

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