How Call Traders Doubled Their Money with Boot Barn Stock

Core Insights - Schaeffer's Weekend Trader Alert subscribers achieved a 100% profit on Boot Barn Holdings Inc (NYSE:BOOT) July 110 call options within a week, indicating strong bullish sentiment and effective trading strategy [1][3] Company Performance - At the time of the recommendation on May 26, BOOT was trading at $113.25, having recently pulled back to support levels at its April high and 10-day moving average, suggesting underlying technical strength despite previous bearish guidance [2] - Following the recommendation, Boot Barn experienced six consecutive winning trading days, including a notable 4.2% increase on May 31, leading to a profitable exit for subscribers [3] Market Dynamics - The stock had significant chart support, with short interest unwinding since January, which was expected to continue due to the stock's resilience against bearish guidance; short interest represented 12.7% of BOOT's available float, indicating potential for further upward movement [4]