The longer the chart pattern is defined, the bigger the move.
tb
7.30.2012
7.21.2012
Yes, dreams can come true...
The catalyst: CMG Earnings announcement on July 19, 2012, after the close.
The trade: Buy any OTM put option, near the market close.
Put Options on July 19, showing profits made for 1 day of trading.
For example, if you bought on Thursday, 2, July $305 put contracts, for $0.50ea ($100), you could have sold those same put contracts, on Friday, for $7.80ea, or $1,560.
tb
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