Sell to Close Supreme Calls for 255% Gain

By Linda McDonough • August 9, 2017

Sell to close the September 15, 2017 call on Supreme Industries (AMEX: STS) with a strike price of $17.50 at $3.55 or higher Symbol (STS170915C17.5)

Lasso in this 255% gain in just one month’s time. Lucky traders woke this morning to see a $21.00 cash bid for Supreme Industries by big trucker Wabash National. I don’t expect any competing bids so book this tremendous gain.

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Rick

08/09/17 ‐ 10:20am ET August 9, 2017 at 10:20am ET

Very nice call, Linda!!

WillW

08/09/17 ‐ 10:42am ET August 9, 2017 at 10:42am ET

Thank you, Linda! I waited to buy the STS SEP 17.5 calls and got in at $0.60. Out at $3.40 before your alert. Let’s do it some more!

Rick

08/09/17 ‐ 10:48am ET August 9, 2017 at 10:48am ET

Great! Congrats on the trade.

I sold today at 3.40. With a cash offer and no expectation of a competing bid, I did not see holding out for higher since 3.40 is with 0.10 cents of holding until the deal closes.

Not sure if anybody was able to sell at $3.50 or higher.

Tap Tout

08/09/17 ‐ 11:25am ET August 9, 2017 at 11:25am ET

What are you suggesting for those who purchased stock shares instead of the call?

Linda McDonough

08/09/17 ‐ 9:36pm ET August 9, 2017 at 9:36pm ET

As the options always move quickly, I wanted to get that trade out first but I think it’s worth selling the stock now and find a better home for the capital. You’ll see an alert for that tomorrow.
Working on some new ideas to put that gain to work!
Best,
Linda

Tap Tout

08/11/17 ‐ 2:57pm ET August 11, 2017 at 2:57pm ET

“You’ll see an alert for that tomorrow.”

Fo

08/09/17 ‐ 11:48am ET August 9, 2017 at 11:48am ET

This was a great trade but I can’t find a 350% return.

I get ($3.50 – $1.00)/$1.00 = 2.5 = 250% .

Linda McDonough

08/09/17 ‐ 9:29pm ET August 9, 2017 at 9:29pm ET

My apologies- good catch. In my excitement, I associated a tripling with 350%.

Mark F

08/09/17 ‐ 12:24pm ET August 9, 2017 at 12:24pm ET

I sold for $3.40. I’m not complaining even if it was “only” 240% return. Thank you.

Fo

08/09/17 ‐ 3:17pm ET August 9, 2017 at 3:17pm ET

Even worse, it’s “only” 12 x 2.4 = 2880% when annualized. ?

Tom B

08/09/17 ‐ 1:22pm ET August 9, 2017 at 1:22pm ET

Given your comments concerning competing bids, and option prices indicating that $21 is probably the top, I just sold all of my stock for a 32% gain in less than a month. Another awesome trade! Many Thanks Linda.

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