Red Hat Inc ( RHT )

Red Hat Inc (RHT) reported earnings after hours on Wednesday that handily beat estimates, and announced a $300 million buyback program. Seems analysts had the company all wrong, as the stock rallied 20% gaining over $10. Trades like these can make a traders day, especially when playing the options. Here is what we said on our watchlist, and then what we said in our chatroom in real time:

RHT – Like this company and had nice ER’s last night. APRIL calls are the play, 57.50/60s

 

 

2012-03-29 09:35:00MessagejimmybobOption Millionaires Liveopentrade RHT APRIL 60 calls @ .20/.25
2012-03-29 09:36:22MessagejimmybobOption Millionaires LiveRHT 55.68
2012-03-29 10:15:10MessagejimmybobOption Millionaires LiveRHT ~ scary part is this keeps going higher on lower volume... folks holding for higher and this isnt a SHORTED stock ~~ could be clear sailing to 60

 


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.

More Posts by JB: View All | Private Twitter Feed: Access Now! (For Diamond Members)

Leave a Reply