$240 into $5930 in a Few Hours Trading Nike(NKE) Calls

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We wrote last week about our DUST (Direxion Daily Gold Miners Bear 3X Shrs) calls providing some amazing gains in a 24 hour period. This week we had similar results playing Nike (NKE) for the bounce after earnings.
Nike(NKE) was on our Daily Morning Watch list as one of two possible trades to watch for Friday: http://www.optionmillionaires.com/2013/june-28-2013-watch-list/

What we said:

Quote:


NKE reported earnings last night that beat expectations, but concerns over China on the conference call, had folks selling. Analysts think this is a buying opportunity and I tend to agree here and may try for some calls at the open if it stays down


What I said in the chatroom when i purchased:

2013-06-28 10:56:27 AM jimmybob NKE bouncing grabbed 62.50 calls
2013-06-28 10:56:47 AM jimmybob NKE 62.50 weekly @ .06

What I said on Twitter:


My Purchases:
06/28/2013 10:24:19 Bought 16 NKE Jun 28 2013 62.5 Call @ 0.06
06/28/2013 10:24:19 Bought 11 NKE Jun 28 2013 62.5 Call @ 0.06
06/28/2013 10:24:19 Bought 2 NKE Jun 28 2013 62.5 Call @ 0.06
06/28/2013 10:24:19 Bought 3 NKE Jun 28 2013 62.5 Call @ 0.06
06/28/2013 10:24:19 Bought 1 NKE Jun 28 2013 62.5 Call @ 0.06
06/28/2013 10:24:19 Bought 1 NKE Jun 28 2013 62.5 Call @ 0.06
06/28/2013 10:24:19 Bought 1 NKE Jun 28 2013 62.5 Call @ 0.06
06/28/2013 10:24:19 Bought 5 NKE Jun 28 2013 62.5 Call @ 0.06

My sales : 
06/28/2013 15:33:57 Sold 30 NKE Jun 28 2013 62.5 Call @ 1.48
06/28/2013 15:33:57 Sold 10 NKE Jun 28 2013 62.5 Call @ 1.49

Not too bad for a few hours and shows the power of options. Not all trades go like this but you can check our site for some other amazing trades like this that have happened over the past few years.

Happy trading!

 

- JB

Profile photo of jimmybobJimmyBob (Scott)has been trading equities for over 15 years, a majority of which were OTC micro-cap stocks. He started trading high risk stock options over the past 7 years, and has proven winning trades in excess of 15,000%.

As one of the Co-Founders of optionmillionaires.com, Scott enjoys sharing his knowledge with other investors through timely blog posts, daily watch lists in the forum, weekly webinars, and helpful advice within the chatroom.

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