We wrote about PCLN on December 14th, 2011, as a bounce play and continued to like it going into 2012, as Cramer added it to his "Pigs gets slaughtered list"(We wrote about that here). Going against Cramer is like bagging the promo queen... We wish we could do it, and when we finally do, didn't realize it would be that easy!
PCLN has ERUPTED from its 445.73 "Cramer Bottom" and hit $526 last week, an $80+ move. Even more spectacular, is the potential profits one can make on a move like this trading the options. We recommended the $505 JAN 21st calls asking .85 on Tuesday Jan 17th(READ HERE). Those calls hit a high of $22. So $85 into $2200 potential for each call purchased. Can we thank you enough Cramer?
Check it out as we brought this to out chat room first and we were the first on the planet to buy those calls on Jan 17th:
This is why we trade options, and hope we can continue bringing this type of trading opportunities to our trading community!