Green Mountain Coffee Roasters (GMCR) PUT Holders Need A Bean Counter To Tally All Their Profits

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GMCR call holders wept today as GMCR posted a dramatic 50% plunge from yesterdays closing price.  It wasn't all tears of sadness for GMCR option holders as PUT holders were able to cash in on an enormous move in GMCR.

I highlighted last night some potential profits for today, turns out the potential profits were much greater.  GMCR plunged below $25 giving the $30 puts a high of $5.50.  They closed at $.04 yesterday.  $.04 into $5.00 in less than one full trading session..... wow.

GMCR $30 puts from $.04 to $5.50 or $80 into $11,000

GMCR $35 puts from $.13 to $10.50 or $130 into $10,500

GMCR $37 puts from $.19 to $12.45 or $190 into $12,450......That's a  lot of K-Cups.

Last week AMZN, the week before AAPL, this week GMCR.... NEXT????

 

Profile photo of uranium-pinto-beansKnown to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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