The stock did indeed rally over $50 as I thought it would, but recently dropped over 10% after its earnings report. DOH!!!! $DDD is a momentum stock that many see falling much further. We all know how momentum stocks have been doing as of late.
This morning at least five analysts came out speaking positively about this stock. I stated early on I would be looking for calls, and I waited for the opening rip to sell off, which it did, before I entered the $46 calls for $.81. Those calls are over 100% higher at today's close.
I posted this trade in the private twitter account.
Again I think the stock has found support and looks poised to rally some 30-50% before any type of meaningful pull back occurs. Trading this stock via short term out of the money stock options can be a highly profitable endevour. To reduce the risk of loss, going further out in time, or going out right long the stock is a better strategy.