Did You Make +88% on Nike This Week?
Emerald Chase LLC did when the stock (NKE) moved 5.6% from 06 Nov to 20 Nov.
So how did we make 88% return on investment (ROI) when the underlying stock only moved 5.6%? This is how:
Emerald Chase bought +2 contracts of the 22 Dec 2017 expiration with a long strike of $55 and a short strike of $57 and the spread cost us $.97 per share, so $97 per contract. We sold those two contracts for $1.83, thus:
($1.83 - $0.97)x100shares x 2 contracts = $172 profit which is a +88.66% gain
there are 100 shares in one options contract.
If you want returns like this with limited risk to the market sign up today for Emerald Chase's Basic Options Course coupled with our Options Alerts Subscription
Did we alert NKE? Sure did! Go look back at 07 Nov post "Utilities Are Charged Up" We also alerted Twitter in the same post and we just cashed out +38% returns on 17 Nov when the stock only made a 1.5% upward move.
Thank God for derivatives!!!!!!!!!!!!!!!!!!!
