Cash in Acuity Calls for a 100% Gain

By Linda McDonough • November 9, 2016

Sell to close the December 16, 2016 call on Acuity Brands (NYSE: AYI) with a strike price of $240 at $4.50 or higher. (Symbol AYI161216C240)

These Acuity calls are up 100% in the ten days since our October 31 recommendation. The stock bounced partly due to two brokerage firm upgrades. I still like the stock but gains like these cannot be ignored.

I will likely revisit this stock with other option plays to give subscribers exposure to its upside.

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About The Author

Linda McDonough

Bio | Archive

Linda McDonough is a veteran hedge fund analyst who loves to break down company financial statements and identify market inefficiencies to uncover big opportunities. She believes in a boots-on-the-ground approach that includes surveying customers, interviewing company executives, or doing whatever it takes to see what others don't.

She's now brought her experience as a hedge fund analyst to subscribers of her Profit Catalyst Alert service. Her system identifies small- and mid-cap stocks that are about to move due to catalytic events that few others can identify...until it's too late. These events often times result in massive gains for her followers.