Posted on April 23, 2019
We’ve got a doozy of a killer of a wham-o-profit on offer from our trade dated April 4th, 2019.
The letter was called All Ye Shipping Magnates – Salivate!, and there we urged you to put on a transportation based trade that looked as follows –
A Jew and His Gold recommends you consider purchasing the STNG January 15th 2021 20 CALL for $5.90 and selling the STNG January 15th 2021 20 PUT for $6.00. Total debit on the trade is $0.10.
As you can see, the stock has moved wonderfully –
And today, our profits are fat and fulsome.
We’re closing down because –
We see little sense in waiting any longer.
The numbers look like this:
The long 20 CALL trades for $8.90 and the short 20 PUT goes for $5.40. Sell off the former and buy back the latter and you pocket $3.50 on a ten cent deposit in just three short weeks!
That’s a super-bulk carrier gain of 3400%, friends.
Now go buy a Red Sea yacht.
Many happy returns,