Winning With Wynn, Garmin: Street Sense

CHICAGO (TheStreet) -- We've been tacking on some nice winners in our Grand Slam and Extreme portfolios lately. Some have been asking "what I see" or "how I do it." Here's a good opportunity for you to learn. I'll have two today and a couple more soon!

Garmin: Grand Slam Call Trade

Last week, we bought some October 34 Garmin(GRMN Quote) calls just after the company announced better sales and numbers. The stock was a good winner for us a couple of months back, but last week was an ideal time as the shorts were looking for more downside. The calls were going off the board for September as a quick move was anticipated. I went with in-the-money October strikes to give myself some room and still participate in the upside. This was a massive winner for us, banking 75% then 189% on the remainder. When we buy these, we allocate 5% of capital to each position, but the return is still absolute. The chart and notes follow.

Tracking Down Profits With Garmin

Wynn: Grand Slam Call Trade

We bought some Wynn Resorts(WYNN Quote) on the dip and bought in-the-money calls that had a lot of intrinsic value. That doesn't bother me much, as this turned into a huge winning trade for us (up 138% on part of it, 60% on the first half, managing the risk). The chart setup was great; we used the retest method. This is a momentum play that requires some patience but also constant monitoring. See the chart and notes below.

Cashing In With Wynn

Next I'll discuss Randgold Resources(GOLD Quote) and Joy Global(JOYG Quote)!

Editor's note: To read Lang's column on GOLD and JOYG, click here.

-- Written by Robert Lang in Simi Valley, Calif.