It’s sad when “smart” traders ignore great trading opportunities. When we picked up the ZUMZ August 25 calls, the underlying stock had just crashed $6. It was nothing more than an overreaction spotted with my six technical pivot tools I’ll discuss in upcoming webinars.
Today, after running up another 74 cents on the day, our calls now trade around $2.60. Sell to close. That’s quite a gain since June 8, 2015.
Congratulations on the quick gain. Stay tuned for new trade ideas shortly.
Have a great week. To the fathers, I hope you had a great Father’s Day.
Best wishes to you.
Ian L. Cooper
Forgotten Profits