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November 21, 2009
- Subscriptions:
Perrigo (PRGO) Profits
March 26, 2009ACTION:
"Sell to close" the PRGO May 25 Calls (IQPEE) for $1.65 or more
Dear Fellow Options Traders,
On March 6, we recommended you buy the PRGO May 25 Calls (IQPEE) for 30 cents or less. We can sell them today for more than a 460% gain.
PRGO has run back up to the point where it broke down in early February. We have a major success and it is time to guarantee we take the winnings home by closing the position. "Sell to close" the PRGO May 25 Calls (IQPEE) for $1.65 or more.
On March 6, we also recommended selling the PRGO May 17.50 Puts (IQPQW) for 95 cents or more. Those puts are trading at about 20 cents, which is good. We recommend keeping this position open and allowing it to post further gains as we approach expiration.
Have a great day trading.
Nick Atkeson and Andrew Houghton
Editors
Options Trader
