$GES had a strong move higher today, and was up over 10% in the middle of the session. Why am I telling you this? Earlier this week I penned a blog post entitled " Buying Calls Ahead of This Earnings Report". https://www.optionmillionaires.com/2013/buying-calls-ahead-of-this-earnings-report/
The earnings report in question was GES. I purchased the GES calls at $.80 the next day as I said I would in the blog post. Today those options topped out at $2.05 and closed 109% above yesterday and Wednesdays close. Barring a complete collapse of the equity market I think $GES is headed higher into the summer. I will turn to September calls, but will wait until we get a pull back to around $30. I like the chart, the inverted head and shoulders, as well as the strong break above the long term resistance trend line.
If I do enter the SEP calls I will post my trade in the chat room and/or forum.
Here is the chart I posted at the start of the week.
