A Stealthy Stay-at-Home Play

Working from home is the new normal. In The War Room, members have been cashing in regularly on stay-at-home companies like Peloton and Teladoc Health. Now, we’re not going to win every time with these short-term plays, but our track record speaks for itself. And on Peloton, Bryan has won 70% of the time!

Now let’s get back to today’s Trade of the Day

Members just took profits with a sweet covered call trade on Herman Miller (Nasdaq: MLHR).

I mentioned the company in a previous issue a few weeks ago when we made the play.

Here’s what some members said…

“Sold separately. In the calls at $3.20 out at $4.10 (up 28.1% on the calls). In the stock at $23.60 out at $26.22 (up 11.1% on the shares). THX Karim!” – Tad 8/10/2020 at 11:04 a.m.

“Closed the whole position at $22.20 with entry of $20.66 – $4,440 GAIN.” – Thom 8/10/2020 at 10:45 a.m.

Not bad for a covered call trade.

Herman Miller is engaged in the research, design, manufacture, sale and distribution of office furniture systems, seating products, home furnishings and related services.

The company has two main segments, the North American Furniture Solutions and the EMEA, Latin America and Asia Pacific (ELA) Furniture Solutions, selling office furniture that makes your back feel better all over the world!

The thing is members had to take profits on this trade. Because this was a covered call trade, members were going to have the shares called away from them anyway since they were trading well above our strike price.

Taking profits is always a good thing. But I wanted more, and I was secretly hoping the following would happen…

But alas, it didn’t go down… It just kept going higher and higher.

Action Plan: I have another play in my sights, and it could come as early as this week.

So hop aboard and get into The War Room now so you can be in on this stealthy stay-at-home play for even bigger gains than the first time around!