$NUS Trade Idea Rallies over 5,000% – Collapse I Predicted Comes To Fruition

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Just two days ago I called for a sharp decline for $NUS. When the stock failed to breakout after meeting resistance I purchased the $130 puts at $.75 and $.80. I posted my trade to optionmillionaires private twitter subscribers so they could see where I thought the stock was heading. I also posted my trade to the chat room at optionmillionaires.com. The stock rallied but I still held firm as those options declined in value, going as low as $.40 yesterday.

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http://www.optionmillionaires.com/nus-decline-current-prices/

Call it luck, chance or whatever you want but just two days ago I was calling for $NUS to collapse. Not just to pull back but to crumble. Those who bought the puts before this move made a small fortune today.

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The $130 puts roared some 5,000% higher as $NUS plunged under $110 a share. To put that type of trade into perspective, a $500 buy at $.50 would be worth over $20,000 when $NUS hit its lows midday.

We aren't perfect traders at optionmillionaires.com and have never claimed to be. Anyone who tells you they have a 100%, 90%, 80% success rate trading out of the money options is outright lying to you. However, if you look back to as recently as last week with JB's $ISRG calls, we have the uncanny ability to consistently locate big option gains.

Where does $NUS head from here?

While the analysts will tell you to buy this dip, I think it's just the beginning of an epic collapse.

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Known 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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