Book 59.52% Gains in Chip Maker Options

Nicholas Vardy

Nicholas Vardy has a unique background that has proven his knack for making money in different markets around the world.

Ambarella soared 6.06% yesterday on news that its deal to supply action camera components to Chinese manufacturer Xiaomi will result in higher-than-expected revenue.

Canaccord raised its target on Ambarella more than 9% to $81 and reiterated a Buy rating on the video chip maker.

With your May $70 call options (AMBA150515C00070000) up 59.52%, sell half of your options here to lock in these quick gains.

Nicholas Vardy

Exclusive  Batting 1.000 In The Worst Global Market Crash Since 1929 And Taking 55% Profits On The Soaring U.S. Dollar

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Downbeat U.S. data has weighed on cyclical stocks during the past week. With the exception of the labor market data, most data has been consistently soft. U.S. economic data have been falling short of expectations by the largest margin since 2009. The latest reports to disappoint were Durable Goods for February, down 1.4% versus a consensus projected gain of 0.4%. And the Commerce Department reduced its third and final revision for fourth quarter gross domestic product (GDP) to 2.2%, worse than

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