My eTrade information didn’t update correctly.
In the last alert, we mentioned buying the DECK June 2015 67.50 call up to $2.30. I was quoted a price of less than that originally.
When it corrected, I had a bid-ask of well over $6.
If you still bought at the higher price, that’s fine. And we will track it for you.
If not, instead consider buying the underlying stock itself and, or the DECK April 70 call up to $4.20.
You’ve got to love technology these days.
Elsewhere, over the last week, we have not closed any positions in Forgotten Profits.
We continue to hold all open trades, including the American Airlines May 46 put. This is coming back beautifully, as the underlying stock has dropped about $5 in two days.
Last week, we did open a new trade in oversold KB Home (KBH).
While I am a housing bear given flat wages and no real employment growth, even I had to agree that this builder became too oversold. So far, we’ve been right as the stock begins to move higher.
We opened a trade in the KBH March 12 call at 95 cents, and a trade in the April 12 call at $1.15.
Look for new trades and our latest webinar news shortly.
Ian L. Cooper
Forgotten Profits