Hugh L. O'Haynew's
בס״ד
Posted on October 26, 2023
Brevity is our new watchword, friends.
No way around it.
Between guard duty, the needs of our faithful subscribers and the Holy One’s commandments, we’re left with precious little time to even sleep.
May it all end with a great sanctification of His holy name.
Today’s volley is aimed at aerospace and defense manufacturer Curtiss-Wright Corp. (NYSE:CW), a company whose stock is soaring projectile-like in line with global bellicosity.
But before we take aim, we have four trades to close for very nice wins.
And we begin with ROCK:
On August 31st we urged you to sell the ROCK February 16th 70/75 CALL spread for $2.20 and buy the ROCK February 16th 70/65 PUT spread for $2.15. Total debit was $0.05
And now, the PUT spread can be closed for $2.90 (10.30/7.40) and the long CALL sold for $0.25.
Do it – and leave the short CALL dangling – and you walk with $3.10 NET on a nickel spent.
That’s 6200%.
Should there be a need to act on the short CALL, we’ll update.
On to RPM:
On August 28th we recommended you sell the RPM February 16th 95/100 CALL spread for $2.10 and buy the RPM February 16th 95/90 PUT spread for $2.10. Zero Premium was the result.
Today, we say do as ROCK, above.
Sell the PUT spread for $2.20 (7.30/5.10) and the long CALL for $1.80. Leave the short CALL to wither.
That gives you $4.00 NET on nothing expended.
Adjusted for minimal commissions makes for a 2567% gain.
We’ll advise should the short CALL need action.
Next up is SAIA, where we advised the sale of the SAIA January 19th 400/410 CALL spread for $4.10 and purchase of the SAIA January 19th 390/380 PUT spread for $4.60. Debit was $0.50.
With the stock at $370.43, we’re closing.
Dump the PUT spread for $4.80 (39.90/35.10) and the long CALL for $13.60. Leave the short CALL be.
That gives you $18.40 on $0.50 spent.
That’s 3680%.
Again, we’ll make contact should action on the short CALL become necessary.
Our META trade sees us holding the February 16th 310 synthetic PUT and a credit of $2.75.
And…?
The short can be closed for $4.95 (32.95/28.00).
Do it and you NET $7.70 on $0.10 spent.
That’s 7700%.
And now, CW…
Fundamentally—
And technically, it’s like this—Don’t mess…
Many happy returns,
Matt McAbby
« Previous Post
CHECK OUT THE NUMBERS! 3267%, 900%, 800% & 550%… with The NAZ Now in Play (QQQ, CARR, TW, PNR, PKG, POST)
Next Post »
Lennox Blows Hot… Then Cold (LII, HSY)
Leave a Reply