Buying COST call contracts.
Costco Wholesale Co. (COST) is a profitable and very popular retail play that has pulled back sharply alongside the broad market. This is an example of a very good stock being indiscriminately sold despite strong profits and reliable growth..
Buying call contracts at this level gives us a chance to profit if COST moves back towards its recent highs. And buying in-the-money call contracts helps manage risk as these calls will retain some value even if shares pull back.
- Buy (to open) 3 COST February 18th $465 Calls
- Limit $37.00 or less
- The new position will represent roughly 10.1% of our Spec Model capital
- 10:13 Executed
- Bot 3 COST Feb 18th $465 Calls @ $34.80