http://investingadventures.com/2008/05/no-action-on-visa-yet.html Having Fun with Options Tue, 16 Feb 2010 18:39:14 -0700 http://wordpress.org/?v=2.9 hourly 1 http://investingadventures.com/2008/05/no-action-on-visa-yet.html/comment-page-1#comment-3923 BigJim Mon, 05 May 2008 18:50:32 +0000 http://investingadventures.com/?p=460#comment-3923 I bought V at $60. Sold out after hours the last trading day before earnings came out expecting a sell off. The sell off occurred exactly as I predicted and I picked up some DEC $90 and $95 calls. The bounce occurred WAY FASTER than I ever imagined. I followed the price of my calls with loose stops but this downdraft knocked them out. Who cares, 30% gain on my stock and 50% gain on both options. Interesting to see where this one ends up though. I bought V at $60. Sold out after hours the last trading day before earnings came out expecting a sell off. The sell off occurred exactly as I predicted and I picked up some DEC $90 and $95 calls. The bounce occurred WAY FASTER than I ever imagined. I followed the price of my calls with loose stops but this downdraft knocked them out. Who cares, 30% gain on my stock and 50% gain on both options.
Interesting to see where this one ends up though.

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