New Trade: AZO

Today, I picked up 2 July 440 call options in AutoZone. From the trend research I’ve done on this stock, I’ve discovered it tends to rise approximately 6 weeks after it’s Q3 earnings release which was May 21st. I’ve also traded this trend in the past resulting in a nice profit. My order was partially executed so, I’ve listed the two transactions separately. 

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

1 2.00 200.00 3.70 370.00 10.00 160.00 80.0%
1 2.70 270.00 3.70  370.00 5.00  95.00 35.2%

My charts for this trade:

130516 WFM

Screen Shot 2013-06-18 at 8.07.12 AM


One thought on “New Trade: AZO

  1. Pingback: Trade Update: AZO | Tela's Trading Journal

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