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 09:35:00 Message jimmybob Option Millionaires Live opentrade RHT APRIL 60 calls @ .20/.25
2012-03-29 09:36:22 Message jimmybob Option Millionaires Live RHT 55.68
2012-03-29 10:15:10 Message jimmybob Option Millionaires Live RHT ~ 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


JimmyBob (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, 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.

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