“Trade of the Day” Just Made Trader 90% Return in Two Weeks

Before the holidays, we wondered if KATE was a gift after spotting a trader buy 6,000 KATE April 15 calls.

[Yesterday, we discovered], the answer is clear.

Shares of Kate Spade KATE – NYSE soared more than 23% today when The Wall Street Journal reported the company is exploring a sale.

Bottarelli Research Translation: Even though expiration is still months away, the KATE April 15 calls have already nearly doubled. Originally purchased for $2.00 each, these calls closed [yesterday] worth $3.80. That’s a 90% gain ($1.08 million) in two weeks. According to an analyst on CNBC, Coach COH – NYSE or Michael Kors KORS – NYSE could be potential buyers, and KATE “should be trading in the $20s.” If a deal gets done, look for KATE to keep on rising.

On January 1, California completely legalized cannabis for medical and recreational use - promising to spark a $20.2 BILLION industry in the Golden State alone. By getting in on the ground floor of this exceptional opportunity, you could have the chance to pocket life-changing windfalls thanks to this historic event. And one pot stock expert has his sights set on three stocks he expects to skyrocket following this crucial announcement. Get the details here..

Source: Bottarelli Research