Green Mountain Coffee Roasters (GMCR) is a stock that bent David Einhorn over a table and butt-fucked him until he couldn’t walk anymore. Yes, The David Einhorn; who famously shorted the stock and got his ass handed over to him on a silver platter. To all those who don’t know what GMCR is or does, I suggest you take advantage of this thing called The Internet, and Google this bitch.
Lets get straight to The Trade.
GMCR is currently trading in a well-defined range, and I believe it will stay in this range for the next couple of weeks/months. Long-Term, I am Bullish on GMCR. But for now, we can take advantage of this range, and make some quick $$$$$.
Here’s my trade on GMCR:
Buy Oct ’13 Puts on GMCR @ 70 Strike.
The Puts are currently selling for $3.60
My Short-Term Target on GMCR is $70
If GMCR can hit $70 by the end of September 2013, you can easily earn a return of 40% Plus on your investment. Not bad if you ask me.
The Oct ’13 options will give you enough time to get the trade right.
Price Target: $70
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