Our call recommendation doubled Schaeffer’s Players subscribers’ investment
Subscribers to Schaeffer‘s Players service more than doubled their money with our recommendation to buy Fidelity National Information Services Inc (NYSE:FIS) weekly 9/20 78-strike call. Below, let’s unpack how investors achieved this healthy profit in just three weeks.
At the time of our recommendation on Aug. 23, FIS was in the midst of a post-earnings pop following the company’s Aug. 6 results. The equity had just hit a new all-time high, and was pulling back to support at its 10-day moving average after breaking out of a weeks-long trading range between $73 and $78.
Options were affordably priced, too. The equity’s Schaeffer’s Volatility Index (SVI) ranked high than just 1% of readings from its annual range, suggesting options traders were pricing in much lower volatility expectations than usual.
In the 15 sessions that took place between our recommendation and close, Fidelity National Information Services stock turned in three losses. The aforementioned 10-day trendline provided support as the security scored a series of higher highs. By the time our subscribers exited their positions on Sept. 13, the equity had just nabbed its third-straight record high close, allowing for a 209% profit heading into the weekend.
