NOTE: In addition to Russ’ sketch (link above), here’s his written transcript.
The Group Prediction for 5/10/13 was a Hit with SPY and the Call moving Up being the actualized side. The parameters were: “Up – Buy SPY Call for 25% Profit – use 25% Limit and Stop. We recommend using first out of money call 2 weeks into the future for the trade. An independent judge gave a confidence ranking of 4 to Up and 3 to Down. Learn about Group 1ARV at: www.1arv.com
We did not make our 25% profit, but did make a 14% profit using our standard approach of getting out at the end of the day:
Price In = .86, Limit 1.08, Stop .64
PriceOut = .98 for a 14% profit. 🙂
Here is the Call Option chart:
