Ollie's Bargain Outlet Holdings Inc. (NASDAQ:OLLI) Option Calls
Provides 159% Profit!
by Ian Harvey
December 07, 2017
Ollie's Bargain Outlet Holdings Inc. (NASDAQ:OLLI)
Here is an update of Ollie's Bargain Outlet Holdings Inc.’s winning options call trade after reporting earnings. This options trade was recommended, to “Cut-To-The-Chase” Members of Stock Options Made Easy, on Tuesday, December 05, 2017 -- in the article ““Cut-to-the-Chase” Recommendations - Week Beginning Monday, December 04, 2017”; producing excellent potential profits of 159% within 24 hours of executing the trade!
YOU NEED TO BE IN TO PROFIT!The Recommendation……
The retailer of brand name merchandise Ollie's Bargain Outlet Holdings Inc. NASDAQ:OLLI), reports Q3 earnings tomorrow, Wednesday December 6, and Wall Street expects EPS to jump 24% to 21 cents on revenue up 15% to $232 million. Estimates for the full year were recently revised upward.
In terms of top and bottom line numbers, the company has posted rising EPS growth over the last two quarters. Sales gains have also risen during the same period.
Shares have surged more than 60% this year and are just below a flat-base buy point of $47.00 after breaking out last month.
News stories about Ollie’s Bargain Outlet have been trending positive according to Accern reports. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ollie’s Bargain Outlet earned a media sentiment score of 0.28 on Accern’s scale.
Ollie’s Bargain Outlet Holdings, Inc. offers food products, housewares, books and stationery products, bed and bath products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting goods, pet products, luggage, automotive, seasonal, furniture, summer furniture, and lawn and garden. It has a 40.56 P/E ratio. As of January 28, 2017, it operated 234 Ollie’s Bargain Outlet locations across 19 states in the United States.
** OPTION TRADE: Buy the OLLI DEC 15 2017 50.000 CALL at approximately $1.10.
Sell price is left to your own judgment.The Report………
Ollie's Bargain Outlet on Wednesday reported fiscal third-quarter net income of $18.9 million.
The Harrisburg, Pennsylvania-based company said it had profit of 29 cents per share. Earnings, adjusted for non-recurring gains, came to 22 cents per share.
The results surpassed Wall Street expectations of 20 cents per share.
The retailer posted revenue of $238.1 million in the period, also topping Street forecasts of $232.4 million.
Ollie's Bargain Outlet expects full-year earnings in the range of $1.21 to $1.22 per share, with revenue in the range of $1.06 billion to $1.07 billion.
Ollie's Bargain Outlet shares have risen 79 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $51, an increase of 62 percent in the last 12 months.
So, for those traders who managed to execute this trade recommended by Stock Options Made Easy; a nice tidy potential profit of 159% within 24 hours.
ACTION TO TAKE…….
"YOU NEED TO BE IN IT TO WIN IT!"
As you would have by now realized, many of our trades are based on earnings predictions. This is not to say all trades recommended to members follow this pattern, but during earnings season this strategy has been very profitable.
Our approach is to predict whether a company will beat or miss estimates, whether the stock will appreciate or depreciate as a result and what strategies investors and traders can use. This type of prediction is based on thorough investigation and fundamentally based research, and the results have been very exceptional.Our proven track record says it all!!
Members of Stock Options Made Easy are provided with an extensive reason as to which direction a stock will move after earnings, followed up by a recommended options trade.
What To Do Now…….
If you interested in being part of this profitable action just click here……