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Showing posts with label WTW June 2011 72.50 call. Show all posts
Showing posts with label WTW June 2011 72.50 call. Show all posts

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."