Citi just hit $5. The 4 JUN Calls we purchased for 15$ a contract closed at $101 (673% return) a contract today and will open quite a bit higher in the a.m. given C just broke $5. The 5 JUN Calls are now going to move a little faster with the implied value and still about 60-days till expiration combined with added volitility of earnings on the 19th.
Looking at the 11 and 12 LEAPS at the 5 and 7.50 strikes, probably spread across the two years and possbily across the strikes as well.
UPS reported well and early which should ignite another rally going forward tomorrow!
Starting to look at Broadcom and Motorola for future trades. CROX broke $10 today as well.
Happy trading....
Tried to pick ups calls for .80, missed it and it was up over 2.00. Need to figure out how not to miss the winners.
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