They have active options and I’m currently long the stock and $70 May 17 Calls. I traded in and out of ALAB with profit on their $65 May 17 Calls. Great money maker so far!
Here's what I did...Bought 2,000 shares on thursday 4/25 at $72.06. Held them overnight. Then bought 2,000 more the next day(Friday) at $74.49. Then sold all 4,000 shares later that day (Friday) at $79.51. Made a profit of $32K. Yaayyy!!!!
They have active options and I’m currently long the stock and $70 May 17 Calls. I traded in and out of ALAB with profit on their $65 May 17 Calls. Great money maker so far!
Long.
Nice analysis on how totrade an IPO.
Which was a day trade on March 20 (IPO Day), making approx $7K
Ooops, that $32K profit included a previous trade. This trade profit was approx. $25K
Here's what I did...Bought 2,000 shares on thursday 4/25 at $72.06. Held them overnight. Then bought 2,000 more the next day(Friday) at $74.49. Then sold all 4,000 shares later that day (Friday) at $79.51. Made a profit of $32K. Yaayyy!!!!
great swing David!