Tuesday, April 6, 2021

How We Bagged a 104% on Our First Trade — in Just 3 Days

We also reeled in nearly 20% on the underlying stock
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Published: April 6, 2021

How We Bagged a 104% on Our First Trade — in Just 3 Days


We just finished our first week with my new Infinity Profit Plays service so I wanted to touch base and let everyone know how it went…


It was a rousing success!


First, let's talk about the trade itself, which was on Academy Sports & Outdoors Inc. (Nasdaq: ASO). We entered a position on the underlying stock, and bought a call option, both on March 31 — super simple! 


The stock was trading at $25.78 with the call option at $4.55 per contract at the expiration date I gave. So at 100 shares per contract, it cost $455 to enter a position on one contract.


April 5, just three trading days later, we exited our positions with a nice 19.43% gain on the stock, then at $30.70 a share. On the call option, we reeled in a 104.4% gain, exiting at $9.30 per contract, so $930 is what we walked away with for every contract we bought! 


I hope I have everyone's attention now…

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