Posted on August 7, 2019
We’ve got a nice one for you going into week’s end.
It was opened just over a fortnight ago, on the 22nd of July in a letter called Honeywell’s Lid Adds to the Odds That the Bid’s Hit The Skids.
There, we urged you to buy the KSS January 15th (2021) 52.50 CALL for $6.90 and sell the HON January 15th (2021) 195 CALL for $6.85. Total debit on the trade was $0.05.
The KSS CALL trades for $6.00, and the HON goes for $5.60.
Sell off the former and buy back the latter, and you take home 35 cents on a nickel spent.
That’s 700%, brother.
And that’s the power of the G-d of Israel.
Alan B. Harvard