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Green Mountain Coffee Roasters reported earnings that were better than expected due to strong second-quarter results and a new distribution deal with Wal-Mart. The stock closed up $19.58 or 37.13% (with an intraday gain as high as 50%) on the NASDAQ exchange.
We are happy to say that this stock was the #1 stock in the system amongst over 330 stocks reporting earnings today. The trade was to buy the May 60 calls for $0.75 which exploded to $15.20, and at the high of the day traded at $16.50 for a return of over 1900%. In contrast, the S&P 500 which reached as high as 888.70 or 1.7% over the previous day's close ended up in the red closing at 872.81 or 0.1% down. Today was strong afirmation that the system works and helps traders be independennt of market direction! |