Posted on March 5, 2021
A most excellent day it is when we’re able to shut down a trade with 493 stones’ worth of winnings.
Like a day in Shambala –
StoneCo is the victim of our trouncing today, in a trade whose details can be found here.
Essentially, as of last night’s close we were holding the STNE April 16th 87.50 synthetic PUT along with a debit of $1.45.
The short 87.50 CALL sells for $4.10 and the long 87.50 PUT goes for $12.70. Buy back the first and sell off the second and you sing your way to a March-happy $8.60 on just $1.45 expended.
That’s a net of 493% in just 60 days.
And that should set your hair on end.
Stay with us as we approach the grandest profit of all – the final redemption and the holy convocation of Pesach – both only weeks away!
Alan B. Harvard