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Monday, May 9, 2011

Weight Watchers (WTW) Call

I received the following email from our fellow classmate, Sarah.

Congratulations!


"Bought this morning to open 10 June 72.50 calls for 5.00 ea.

Stochastics were low, the delta was around 85% at the time (I think), earnings were last Friday and though good, there was a sell-off immediately after, but today things were looking rosy.

Sold today well before market close at $8.50 after rapid run-up.

Profit after fees was $3469.43."