The Profit: GMCR Put-Strangle triggered

Green Mountain Coffee Roasters Inc. [[gmcr]] is a coffee beast.  It’s staring 100 in the eye, and you could wait until 100 or 110 if you believe it still has gas.  But even so, if it does get that high I think the PUTs will not be affected too much since their hedge value is growing stronger.  Whatever, we want it to move big either way.

You can buy the first PUT here.  Remember to go at least 4-6 months out.  We will buy the Call when GMCR suffers high volume profit-taking.  I presume that will happen around the low 80s.

Patience.