Legging Out a Triple on Teradyne Calls
May all your option trades work out this well. When I recommended the Teradyne (NYSE: TER) calls expiring next week a little over three months ago, I noted that they were much too cheap in the wake of a bad month for tech stocks.
As expected, that pullback proved to be a routine and mild correction in a strong uptrend, and today the Oct. 20 $27 calls bought for $4.20 should fetch at least $12, for a gain of 185% at the minimum.
I’m closing out this trade today while sticking with the picks that have produced tremendous out-performance for subscribers. NVIDIA (NSDQ: NVDA) is now up 81% since March, IAC (NSDQ: IAC) 68% since April, Tencent (OTC: TCEHY) 30% since July and YY (NSDQ: YY) 17% in a month.
I’m particularly bullish on IAC and YY into year end.