Paul Meyer Buys Houses

NTRI APR 2008 CALLS sold out with positive news on stock

I was lucky and that’s about it with a big news piece on Nutrisystems getting a new CEO and saying new revenue will be much more positive. This news brought the stock up 25% from $15 up to $19.90. My options were sold out right over $19 so I was very fortunate to take a small loss and get sold out before they expired.

Symbol: .NSIDD
Description: NTRI APR 20 Call
Stock: NTRI at 19.74
Action: Sold To Close
Quantity: 2 contract(s)
Price: $1.00
Commission: $14.95
Reg Fees: $0.01
Net Amt: $185.04

Still in positions for AAPL MAY & QQQQ MAY 2008 Calls. Currently up 50% in AAPL calls.
A strong trend is building in Apple after the new iPhone annoucement and lots of positive news on all the earnings the company is making.

3 responses

  1. I’d sell AAPL, at least partially BWDIK.

    April 9, 2008 at 3:14 am

  2. Good job on NTRI. My guess is AAPL will next try to find support at $140. I’m not going to short it though, just wait to buy at that level.

    April 9, 2008 at 3:19 am

  3. The market seems to be breaking out to the upside. You should do well on AAPL. I thought there’d be more of a correction here than were was.

    April 10, 2008 at 3:25 pm

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