Posted on March 30, 2021
We’re shutting down the factory, lads, and taking management hostage.
First on the chopping block is WIX, a trade whose full details can be found HERE.
In brief, we’re holding the WIX July 16th 280 synthetic short and a nice credit of $3.60.
It’s time to close.
The short CALL goes for $24.40 and the long PUT trades for $34.10.
Buy back the former and sell off the latter, and you walk clean like a birdie with $13.30 net on $11.50 spent. That’s a gain of 115% in under two months.
And that smells sweet as a pomegranate.
Our RVLV trade’s details can be found HERE.
To sum, we’re holding the June 18th 45 synthetic short and a nominal credit of $0.30.
And the stock is cooperating.
At the time of writing, the short CALL sells for $4.90 and the long PUT goes for $7.60.
Buy back the first and sell off the second, and you haul in $3.00 net on an initial layout of just $0.40.
That’s a twelve week return of 750%.
And our final march to the guillotine goes to our MED trade, opened just last Thursday.
The letter was called Where Are My Damn Pills?, and it urged you to buy the MED April 16th 210 PUT for $6.80 and sell the MED April 16th 220 CALL for $9.10. Total credit was $2.30.
The short CALL sells for $3.60 and the long PUT goes for $9.80. Buy back the former, sell off the latter, and you walk out of the theater with a fat $8.50 on nothing spent.
Adjusted for minimal commissions gives you a wham-doggy profit of 5566% in just FIVE BLEEDIN’DAYS!
Call it anything you want.
But if that ain’t a Passover Miracle… let the walls begin to shake.
Alan B. Harvard