Please join us this Friday, January 23, 2015 at 12 EST for the latest Forgotten Profits webinar.
Over the last week, I opened a position in Finish Line (FINL) with a May 25 call at a price of $1.65. It currently trades at $1.45. I see no reason to exit. After testing $25, it pulled back slightly finding new support. I’d like to see a gap refill to $29.
I also closed the second half of the Activision (ATVI) February 20 put with gains of 38%. This was closed just in time. The underlying soared a few days later to $20.25.
Look for new positions shortly.
Take good care,
Ian L. Cooper
Forgotten Profits