By Bryan Bottarelli Back on May 20, I wrote a Trade of the Day, titled “You’ll Never Guess What’s Sold Out Across America Right Now!”
The article was on Poolcorp (Nasdaq: POOL).
At the time, Poolcorp was trading around $230 per share.
Expensive?
Perhaps. But I still said to buy it (or even sell puts against it).
Specifically, I wrote the following:
Poolcorp is an expensive stock, which means that the options carry a big premium. However, this might make for a nice stock play – or even a put sell.
How has this recommendation performed?
Handsomely, to say that least.
Today, Poolcorp trades for just under $340 per share.
It’s gained $100 …read more
