Back in May, the tech sector was getting slammed… meanwhile, a lesser-known stock with quite the relevant name was set for takeoff.
We’re talking about Teck Resources, a mining and mineral development company based in Vancouver, Canada.
See, Teck Resources had been down in the dumps during 2020. Over that year, though, it slowly began rising.
Not enough to buy, but enough to catch our attention.
Come December of 2020, Teck entered a consolidation period where it hovered in the low $20 range. Still not buy-ready, but we were watching it ever more closely…
Until finally, in May, we saw the stock start upwards on a surge in volume. We had a great feeling the stock was going to continue upwards.
Sure enough, the stock was up 9.62% in two weeks. Not bad.
But even better: we bought Teck call options at $1.05/option that were up $2.25/option… or 114% in that same two weeks.
We sold half our options to lock in that 114% gain on May 17th. Two days later, the stock price dropped to $22.30 by May 25th. Good timing, eh?
But there’s more. We still had some options contracts left, of course. Didn’t want to sell them all in case of more gains later.
Volume data showed us the stock price would increase again within a few days, and we were right again.
The price jumped back up to $24.71 on May 28th, at which point we sold half our remaining options contracts at $1.32 for another 25% gain.
We just issued another trade alert using the exact same roadmap we used to book all the Teck profits…