Closing Trade : GMCR

Stock / Symbol: Green Mountain Coffee Roasters / GMCR

Option Strategy: [private_monthly]straddle[/private_monthly]
Trade entry date: Jan 31
Price at trade entry: $53.41

Reasoning: We got our expected big move, either up or down, on GMCR following their earnings report. Closing the trade here to lock in profit.

Trade Details:

STC 1 GMCR Mar12 52.5 call
STC 1 GMCR Mar12 52.5 put
for a net credit of $16.25 per contract (day order, limit order)

Max Risk: $1,250
Max Reward: unlimited
Profit Range: $0 - $40 & $65 + by Mar 16
Suggested Stop @: $52.50 (after earnings announcement on 2/1)
Profit / Loss Upon Fill: $375 or 30% (pre-commission)


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  1. This was a nice trade. Congrs!

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