Call Buyers Cash in $NTES

Netease ($NTES) made a nice run from $243 to $271 in the last 8 days.  The big problem was finding this trade and knowing when to jump in.

Our TNT Option Trading Service subscribers were able to jump into calls on Tuesday May 8th as the stock was breaking a resistance level around $256.76.  This gave us confidence that the stock would continue to rally at least to the most recent swing high point of $262.57.

As the stock broke the level, mid market price on the 255 Call options for May 11th Expiration was around $5.50.

By Friday of expiration the closing price of the call options were $12.30 bid.  This is a difference of  $6.80.

This assumes you held on the entire time and didn’t roll to reduce risk and lock in profit.

If you held you would have gotten a 123% return on investment.  If you rolled or exited like some of our subscribers then you could have gotten anywhere from 45%-110%.

Congrats on the trade Steve and Jerrod!