Click on Chart to EnlargeThe last week of July, I bought some Sept 33 strike calls on MFE for 1.10 based on a large scale corrective pattern completing. It happened to be right before earnings, which often is the case on these large scale patterns. MFE moved up about 10% on earnings and made a nice gain on the options, but then the stock fell back after that to the point where the options were pretty worthless.
But with the news this morning that Intel will acquire McAfee, the stock gapped up around 57% to $47 and change. So my limit order to sell at 2.25 got filled at 14.20! So the percentage gain is around 1190%. I have had a 1000% gainer before and some other real big ones that were less than that, but I think this is the biggest.
This isn't the cleanest pattern ever, but the technical analysis looked very strong at the time of purchase.
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