Another PEAK trade

I love to do PEAK trades on Pharma. It just seems to work best on those stocks.

This morning when I was watching CNBC I saw ICPT was off the charts...over $117.00 up. I knew what my trade this morning would be.

Right at the open I bought ITM PUTS on ICPT no charts at that time. I exited when I was happy with my profit. Often I leave $'s on the table but I do not care if I do. I am happy with my profit got money in my pocket and am ready to go do something else.

The trade: 08/12/2014 Bought At the Open (BTO) ICPT Aug14 325 Put 3(contracts) $23.60 (Ask) $14.95 ($7,095.05)
08/12/2014 STC (Sold at the Close) ICPT Aug14 325 Put 3 (contracts) $31.60(Ask)... $14.95.......................$9,464.74

Total Realized Gain/Loss for ICPT $2,369.69

Sweet! Love it when a plan comes together!

Shhhhhh.....Here's the thing Traildoc..when I do a PEAK trade I full expect the next day or day after to be able to do a call on the same stock.At 3:00 ICPT (actually 2:59) is up 27.53. Not a bad trade...again...