Elliott Wave Option Signals - Closed TSN Short at 34% Profit

Tyson (TSN) dropped heavy yesterday and followed through with more this morning.  It has reached my initial target area so I closed the position at a 34% profit:

Bought at $3.75 and sold at $5.03 = +$1.28, or +34%

Here is the original post with the trade set up:

Tyson Foods (TSN) has a really nice setup here for a large gain.  You can see the labored action in wave 5, similar to an ending diagonal, which means a sharp shot downward could be coming soon.  This would also be a second wave in wave (2) which also lends itself to a sharp move lower.  I'm targeting the $62.50 area which would bring about a an 85% gain if I wait until expiration, which I probably won't.  Regardless, if price hits there sooner I wills till be looking at a 35%-60% profit sometime in April.  Here's the exact trade:

Buy to Open TSN May 20  60/70 Put

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PLEASE NOTE: THIS IS AN ELLIOTT WAVE BLOG EXPRESSING AN OPINION AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. TRADE AT YOUR OWN RISK.