Still holding on all your 20 contracts? Quote from rsethura1: I understand every ones response, but if i had say 30000 dollars and plunked it down on OTM calls, then yeah I am gambling, but i starting with 1000 dollars and i dont care if i have to catch a lucky break here or there to grow this, but the reason i posted gild was i had done my DD and saw where the stock was a week before i posted and checked out the estimates and thats why i posted gild...the options volume was also decent enough to play this. my goal was to sell this at .80, but if it stalls out at .60, i will gladly sell and take the 50%. May be it is gambling, but atleast i am not throwing the money randomly with out any dd. again this is just my quest and if i fail at it, so be it... atleast i will be happy knowing that i plunked down 1k based on DD
i have not sold yet...want to see the action today and tomorrow. but will pull the trigger for atleast half if it hits .60 for a 50% gain.
rsethura1, Congrats, not so much for the outcome, but for sticking to your convictions. Even though I agree that there are strategies that are better suited to minimize risk, what else could you have done with $1k? Nothing in my opinion, but I could be wrong. (any comments on this from the experts?) The only way out when someone has such a small account is going for a home run. I have done it before, so it is possible. Hope this one works for you. Cheers !
forgot to mention and for you to consider. in directional plays, I never ever ever buy otm or atm. only itm or better yet ditm. time really kills.... do I see 12M pre-market? this thing is going to 67.50 min.....but one never knows..