Categories: Alpha Algorithm HotlinesStock Market News

Booking Option Gain of 22.92%

As I wrote in yesterday’s Alpha Algorithm, I am treating the current market with an abundance of caution. The market is technically overbought and we are entering August, which is traditionally a difficult month for the markets.

I also noted that I am taking all opportunities to close out existing option positions that expire in August.

Yesterday, O’Reilly Automotive (ORLY) jumped 4.02%, and your ORLY Aug. 19 $270.00 calls (ORLY160819C00270000) soared in tandem.

Today, I am recommending that you sell all of these options to lock in a solid 22.92% gain.

I expect to recommend more options in the coming weeks as some of your Alpha Algorithm positions pull back.

Sincerely,

Nicholas A. Vardy

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Nicholas Vardy

Nicholas Vardy has a unique background that has proven his knack for making money in different markets around the world. He was the Editor of The Global Guru, a free weekly e-newsletter, and also edited the trading services Momentum Trader Alert, which focused on making short-term profits in the hottest markets in the world, and The Alpha Algorithm, which was designed specifically to deliver big, fast triple-digit winners, month after month. He was also the editor of Smart Money Masters, a monthly service focused on longer term investments recommended by the brightest minds in the business. Mr. Vardy has been a regular commentator on CNN International and the Fox Business Network. He has also published articles in The New Republic, The World and I, and The Baker & McKenzie Legal Review. The Global Guru/Nicholas Vardy has been cited in The Wall Street Journal, Newsweek, Fox Business News, CBS MarketWatch, Yahoo! Finance, and MSN Money Central. Mr. Vardy graduated from Stanford with a B.A. — with honors and distinction — in both Economics and History, and he also earned an M.A in Modern European Intellectual History. After winning a Fulbright Scholarship, he earned a J.D. degree at Harvard Law School where he was an editor of the Harvard International Law Journal. When not uncovering investment opportunities for his subscribers and investors, Mr. Vardy is a keep-fit enthusiast and an avid student of classical music.