Your Win-Both-Ways Follow-Up on L Brands (Wow!)
Remember that Win-Both-Ways Trade I set up yesterday on L Brands Inc. (NYSE: LB)?
Well today it’s blasting off.
Here’s the deal…
Shares of L Brands are up $5.00 today after reporting earnings of $330.6 million, or $1.17 a share.
This blew away the FactSet estimate of $0.12 per share – sparked by a robust 55% increase in soap and hand sanitizer sales at Bath & Body Works.
As you know, we paper traded a $35 call/$34 put combo yesterday that cost a total of $4.00. As I write, this combo traded as high as $5.50 – good for an overnight winner of 37%.
Had this been a live trade, this is when I would be issuing you a “take profits” alert!
As I explained yesterday, I wanted to model one of these powerful Win-Both-Ways Trades for you – just so you can get the hang of how they work. And based on what you just saw with your very own eyes, you can see why I love this methodology so much!
Now that you see how this strategy works, next time you’ll be ready to make a trade for real!
So stay tuned – because we’re just getting started!
P.S. If you want to start trading these plays immediately, you can join us inside The War Room, where I regularly post these plays in real time. Are you ready to take the next step in your trading journey with us? If so, you’re officially invited to “level up” and join The War Room today!