I predict today FB hits 30, anyone with me. I bought 850lots at 0.1~0.3 wensday/thursday. crazy, a little bit dizzy.
today, Friday? you mean option Contracts, not Lots...? our predictions, hunches, feelings, are sometimes right and sometimes wrong... marc
turned a winner into a loser (sold in the opening, lost a little bit). should close it out thursday rally. damn it. forget about FB a while. it stinks. did not realize it is lock-up expiration, too blind about the breakout. bought some FCX bottom picking 32 calls, works nicely today. also bought some X 23 call for the breakout, works nicely too.
I think buying cheap options the day before expiry is a good move, the risk/reward ratio is very high - 1:5+ Lets visit this thread next Thursday for a similar trade, maybe try a $0.10 strangle.
FCX and X look like more steam in their move. Good calls. Why don't you post your calls here, everyone make money thread. I was short FB via puts, closed off too early. Watch amzn and appl, good for more puts. http://www.elitetrader.com/vb/showthread.php?threadid=246417