Costco Wholesale Corp. reported second-quarter net income rose to $299 million, or 67 cents per diluted share, from $239 million, or 55 cents per share a year earlier and total revenue rose to $18.7 billion from $16.8 billion for the same period a year ago.
Well, we decide to wait a little bit to long to jump into this trade, as the stock gap down and options opened down to .80 and than traded all the way back to 1.85. All this occurred in .50 to 1.00 hr time frame.
