$SCTY Stock up 23%+ Options up over 1,000% – We Were In Before The Herd

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Yesterday I bought 10 $41 SCTY call contracts that expire next week for $.30. My trade accounted for 50% of the total contracts traded. No one was buying the calls, except us. The total cost of my trade was $311 including commissions and fees. Today those options hit a price of $7.00 each putting an unrealized value of $7,000 on those options.

10/10/13 Bought to Open 10 SCTY Call Scty Oct 19 2013 41.00 Call SCTY Oct 19 2013 41.00 Call $0.30 $11.45 $0.36 -$311.81

I sold 1/2 earlier in the day to lock in cost and profits, and the rest at $6.00 later on. It was a great trading day. Jimmybob had a pile of call contracts he purchased last week and many he bought right at the open.

One such trade

10/03/2013 09:30:42 Bought 40 SCTY Oct 19 2013 40.0 Call @ 0.45

He alerted $SCTY via his private twitter account, which is open to all diamond optionmillionaire.com members:

Those options went from a $1,800 cost to over $32,000 at the $8.00 high for that contract. Thats a $30k profit from entry to high, and over $26,000 at the close of trade.

Those calls from $.45 to $8.00.

Optionmillionaire.com members made a killing off $SCTY options. The entire option chain went ballistic today:

sctychain

This is a stock that has been talked about each and every week for the last few weeks at optionmillionaires.com on our Sunday night week ahead. It's another stock in a long line of stocks we called for gains while others laughed at us. Who is laughing now?

$NFLX at $53 last fall http://www.optionmillionaires.com/2013/nflx-and-optionmillionaires-com-in-love-since-53/, http://www.optionmillionaires.com/2013/aapl-carl-icahn-follows-another-trade-idea-from-optionmillionaires/

$SODA last summer at $35    http://www.optionmillionaires.com/2013/soda-option-millionaires-again-ahead-of-the-crowd/

$LNKD at $85   http://www.optionmillionaires.com/2013/linkedin-lnkd-finally-hit-150-on-blow-out-earnings-report/

$PCLN at $180  http://www.optionmillionaires.com/2011/jim-cramer-upgrades-pcln-priceline-com-to-sell-sell/

$CRM  http://www.optionmillionaires.com/2011/crm-salesforce-com-ready-to-rock-or-ready-to-roll/

$SHLD at $40 a few weeks ago  http://www.optionmillionaires.com/2013/last-three-text-trade-ideas-combined-2764-z-shld-soda/  ... the list goes on and on.

Unlike all the other investment sites on twitter, we do have losing trades. We don't claim a 90% success rate. What we do have is a knack for finding stocks that are under/over valued, and make the appropriate trade to book significant profits. We Heart Options, and days like today are the reason why we trade them. Join our community and see what its all about.

Sign up at optionmillionaires.com and Email jimmybob@optionmillionaires.com to get a special Columbus Day trial membership.

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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