Green Mountain Coffee has a trend of rising starting approximately 5days prior to its earnings release which is 6 May. In 2011, I was able to make 28% on this trade.
Today, my charts were indicating a rise and showed an entry point. I purchased 2 May 60 Call options at $3.60. My exit point is $4.70, loss limit $3.00. The market closed with the options just at my exit point so, I will reassess the position tomorrow morning.
Here’s a look at my potential profits:
|# Shares or Contracts||Purch Price||Capital Out||Sell Price||Capital In||Comm & Fees||Gain / Loss||
% Gain & Loss
Current charts for this trade: