Action Alert: CASY Hits 50%: Sell HALF
Earnings Miss Crushed Shares
PLAY: Sell HALF of your CASY February 30 Puts (CQO NF) at market. Hold the remaining half for more upside.
Dear Bottarelli Research Member,
Our downside put play on convenience store operator Casey’s General Stores (CASY – NASDAQ) is paying off — big time.
This morning, CASY announced that their Q2 earnings fell 1% and missed analyst expectations. On the news, shares of CASY are getting crushed, as you can see above. This is exactly why we entered the CASY February 30 Puts (CQO NF) back in November 11th for $4.20. As I write, these puts have now traded as high as $6.60, good for a 57% gainer. Let’s go ahead and lock in HALF of our profits now!
PLAY: Sell HALF of your CASY February 30 Puts (CQO NF) at market. Hold the remaining half for more upside.
Congrats on yet another strong winner!
Sincerely,
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