We also reeled in nearly 20% on the underlying stock
| | | | We just finished our first week with my new Infinity Profit Plays service so I wanted to touch base and let everyone know how it went…
It was a rousing success!
First, let's talk about the trade itself, which was on Academy Sports & Outdoors Inc. (Nasdaq: ASO). We entered a position on the underlying stock, and bought a call option, both on March 31 — super simple!
The stock was trading at $25.78 with the call option at $4.55 per contract at the expiration date I gave. So at 100 shares per contract, it cost $455 to enter a position on one contract.
April 5, just three trading days later, we exited our positions with a nice 19.43% gain on the stock, then at $30.70 a share. On the call option, we reeled in a 104.4% gain, exiting at $9.30 per contract, so $930 is what we walked away with for every contract we bought!
I hope I have everyone's attention now… | | | | |  |
| April 1, 2021 | Each passing day, it looks more and more like a bullish move is setting up in the Nasdaq 100.
Continue Reading… | |  |
| April 1, 2021 | There are a number of so-called "back-to-normal stocks" that will benefit from America's grand reopening as the pandemic (hopefully!) winds down.
Continue Reading… | | | | |
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