Booking a 229.90% Gain in Sony Options

Nicholas Vardy

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

Yesterday morning, I sent you a Special Alert recommending that you sell half of your Sony (SNE) July $18 call options (SNE130720C00018000) to lock in 75%+ gains.

Well, it turns out that I was overly pessimistic. The options actually opened much higher, allowing you to book 312% gains — assuming you sold the options at the open.

Sony stock ended the day a whopping 9.90% higher, and your remaining July $18 call options are up 229.90%.

After such a huge jump, options always become overvalued because of the impact of “implied volatility” in option pricing models.

So, I am recommending that you sell all of your remaining July $18 call options to lock in your 229.90% option gains.

I am also recommending that you sell one-half of your Sony shares to book a solid 22.41% gain.

Finally, raise your stop to $20.40 to ensure at least a 20% gain in the remaining half of your Sony stock.

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