Liquidated DRI at $111.42 / OCT 100 Call Option Liquidated at $12.60 for +38.5% Gain (August 15, 2018)
Let’s go ahead and liquidate DRI for a 40% Gain in our OCT 100 Call Option.
The stock is currently trading at the $110.46 price level while our option’s midprice is trading at/near $12.10. Let’s place a sell limit at $12.60 GTC on our OCT 100 Call Option. We only need a .60 to .90 move higher in DRI to get a fill.