Options Close Alert: Hanesbrands (HBI)

By Jim Pearce • June 22, 2018

TRADE INSTRUCTIONS

Date: June 22, 2018
Name: Hanesbrands
Symbol (Exchange): HBI (NYSE)
Type: Sell call option to close
Expiration: October 19, 2018
Strike Price: 18.00
Symbol: HBI181019C00018000

TRADE RATIONALE

I know it’s been less than three weeks since I opened this position, but since we achieved our target gain of 200% I am closing out the option portion of this trade and booking the profit. If you choose to leave it open, I suggest using a trailing stop order to protect most of your gain.

I am leaving the equity half of this trade open since it has not yet reached our target sell price of $23.25. At the rate HBI is appreciating, it may not be long until we close out that half of this trade and I will issue another alert when that happens.

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Maria R

06/22/18 ‐ 1:10pm ET June 22, 2018 at 1:10pm ET

sold for 4.30 Thanks

Carl

06/22/18 ‐ 1:38pm ET June 22, 2018 at 1:38pm ET

HBI sold for 4.26 on TOS Thank You very much

MarkS

06/22/18 ‐ 2:12pm ET June 22, 2018 at 2:12pm ET

HBI sold @ $4.30 at Fidelity.
160% gain in less than 3 weeks!
Bravo

Michael D

06/22/18 ‐ 2:20pm ET June 22, 2018 at 2:20pm ET

sold 4 of 5 contracts.
THANK YOU!

Jeffrey J

06/22/18 ‐ 2:45pm ET June 22, 2018 at 2:45pm ET

Sold for $4.25 at TradeStation.

Janis Bell

06/22/18 ‐ 2:51pm ET June 22, 2018 at 2:51pm ET

Sold at $4.20, made a nice profit but nowhere near your 200% even though I bought way under your cut-off. When you post these alerts can you present the range from whatever your position cost was (I know you don’t want to share that info) to the lowest amount at the price of your “Buy Below”. I’ll really appreciate that.

Jim Pearce

06/22/18 ‐ 3:12pm ET June 22, 2018 at 3:12pm ET

I don’t mind sharing our cost basis information. At the time this buy alert was published (https://www.investingdaily.com/systematic-wealth/alerts/42289/buy-alert-hanesbrands-hbi-2), the option was trading at $1.40. When I published the sell alert this morning, the most recent trade was at $4.40 resulting in a gain of 203%. However, if you paid the maximum buy limit for this option of $1.70, then your sell price of $4.20 would result in a gain of 147%.

Guest User

06/23/18 ‐ 7:41am ET June 23, 2018 at 7:41am ET

Hi Jim,

Thank you for explaining your math. I got in at $1.65 and was trying to calculate the profit spread from the $1.70 max in the alert. Agree with others, thanks – nice profit. I was in meetings all day Friday so I wasn’t able to close-out yet, I’ll have to see what Monday morning brings. Just finished my first year with SW, great experience – You made my renewal a no brainer.

George McMillion

06/22/18 ‐ 3:11pm ET June 22, 2018 at 3:11pm ET

Sold at $4.20 on TDA

Thank you

Pierce

06/22/18 ‐ 3:50pm ET June 22, 2018 at 3:50pm ET

Sold at $4.30 on TDA. THANKS Jim.

DJ

06/22/18 ‐ 4:14pm ET June 22, 2018 at 4:14pm ET

I didn’t get nice profit like 200%. But that’s cuz I had to close out position earlier this week due to margin constraints. Still made about 90%.

Thanks Jim! Have a great weekend!!! It was good profit day with some of the other services (OFI, VT) as well.

Daniel Long

02/14/19 ‐ 3:07pm ET February 14, 2019 at 3:07pm ET

Sold HBI for 18.76. Orig buy 27.25.
Loss 11%.
DL

Daniel Long

02/15/19 ‐ 3:03am ET February 15, 2019 at 3:03am ET

Sorry. Sold HRB for 11% loss, not HBI. Got small gain on HBI.
DL

Daniel Long

02/14/19 ‐ 3:07pm ET February 14, 2019 at 3:07pm ET

Sold HBI for slight gain.
DL

Jim Pearce

02/14/19 ‐ 3:09pm ET February 14, 2019 at 3:09pm ET

Not quite sure I understand the math in your previous message, but glad to know it worked out to a gain!

Daniel Long

02/15/19 ‐ 3:05am ET February 15, 2019 at 3:05am ET

Sorry. See above. Slight gain on HBI, and 11% loss on HRB.
DL

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