by Ian Harvey
May 10, 2018
OUT WHILST THE GOING IS GOOD!
GREED CAN BE THE UNDOING OF A GOOD PROFIT!
Box Inc (NYSE: BOX)
Here is an update of Box Inc.’s call options trade. This options trade was recommended to “Mentorship Members” of Stock Options Made Easy on Tuesday, May 08, 2018; with potential profits of 132% in less than 24 hours – a nice day’s work!
PATIENCE PAYS OFF!
YOU NEED TO BE IN TO PROFIT!
Box Inc (NYSE: BOX), the cloud file-sharing and enterprise collaboration company that went public more than three years ago, has seen its shares trading up. The shares have been trending higher since dipping below $10 back in July 2016. In 2018 alone the equity is up almost 21%, getting a boost late last month after high-profile investor Chamath Palihapitiya shared his admiration for the company, calling it his favorite play on artificial intelligence.
The hedge fund manager was speaking at the Sohn Investment Conference toward the end of the month and said that Box's cloud content management services are being used by nearly 70% of Fortune 500 companies and that Box is an "incredibly cheap company."
Given that artificial intelligence is a hot topic in the tech space right now, and that Palihapitiya mentioned Box alongside Alphabet’s Google and Amazon in the AI market, it's not all that surprising that the company's share price is moving upwards. He said that Box's AI services have the potential to organize lots of image, audio, and video data for companies.
** OPTION TRADE: Buy BOX JUNE 15 2018 25.000 CALL at approximately $1.50 each
The stock increased 2.49% or $0.66 during the last trading session, closing at $27.13. During trading the stock price hit $27.69. About 9.51M shares traded or 194.71% up from the average. Box, Inc. has risen 24.74% since May 9, 2017 and is uptrending. It has outperformed the S&P 500 by 13.19%.
Analysts see the stock of Box, Inc. reaching the $29.30 target or 8.00 % above yesterday’s $27.13 share price. This indicates more upside for the $3.73 billion company. If the $29.30 PT is reached, the company will be worth $298.48 million more.
So, for members of the “Mentorship Program” who managed to execute this trade recommended by Stock Options Made Easy; a nice tidy profit already of more than 132% made within 24 hours.
Entering the option trade at a cost of $1.50 or less; reaching as high as $3.32 (before closing at $3.06); one options contract would provide a profit of $182.00.ACTION TO TAKE…….
"YOU NEED TO BE IN IT TO WIN IT!"
Now is the time to decide if it is worth continuing to hold this trade or exit on excellent profits. It is nearly always prudent to exit a trade before an unknown incident occurs that could rattle a sound profit, and this is a fine example of such a situation.
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, as seen in this scenario, 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……