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TRADE BULLETIN: Three Now Closing for 115%, 750% and 5566%. (WIX, RVLV, MED)
Posted on March 30, 2021
GANG WAY, y’old hankie!
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.
And now…?
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.
NEXT!
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.
And now…?
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.
Eschatologically yours,
Alan B. Harvard
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2 responses to “TRADE BULLETIN: Three Now Closing for 115%, 750% and 5566%. (WIX, RVLV, MED)”
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Just curious,
Love the Trade Bulletin. Love everything. If i followed your trades by the letter what would be the return in the trailing 12 months.
I am an active stock market investor and have done well. I really don’t know much about options.
bs’d
Hi Chris,
Good to hear from you, and thanks for writing.
Great question – we hear it a lot.
That said, it’s hard to say what the one year return would be by following all the trades.
Why?
First, because some trades cost just pennies, and our readers often multiply the recommendation by five or ten ‘units’ to get additional leverage.
Others cost a good deal more, in which case most subscribers just take on one ‘unit’.
We had a subscriber several years back who wrote us after taking on the trades for a full year, just as you described. He reported that he had earned in excess of $120,000, though that was mitigated by a number of open trades in which a good sum was still tied up (he set all of our trades with exactly ten ‘units’ of each – being the wealthy chap that he was).
His report was therefore based on just CLOSED trades, so it wasn’t a perfect read for the year.
We never went through the full amount he expended on the trades to determine his exact return, but all told, we’d figure it was close to 800%, and with half an hour or so to do the math, you might figure the number exactly.
Or you could approximate it, anyway.
If it interests you, the best way to get a napkin-back notion of what you might have gained for the year, we’d recommend you scroll down the SCORECARD page on the site and focus on just two columns – BUY PRICE and SOLD PRICE.
As you work your way down, you’ll see the P&L numbers expanding significantly toward the profit side of the ledger.
We still have a number of open trades on the books, of course, so your ‘invested’ amount will be inflated. But if you just include the closed trades, we believe you’ll be mightily impressed.
And if you end up pulling out a calculator and punching through to a genuinely mathematical answer, please let us, and the rest of the readership know. 😊
We’d be more than a little grateful.
As to trading options, in general, we’d recommend you familiarize yourself with the topic beforehand – at the very least via a good primer on the topic (maybe McMillan On Options) or from a reputable source like the CBOE or Investopedia.
Know, too, that we’re very happy to correspond with subscribers via email and explain concepts and trade details as best we can. It’s just sometimes hard during the trading day to get to everyone, so we ask you to bear with us.
All the best, Chris.
We hope to be hearing more from you.
And best of luck with all your trades!
Take care,
Huey
By the way, our SCORECARD page is here — https://www.ajewandhismoney.com/about/a-jew-and-his-money-scorecard/