Did a Dec/Jan 380 call calendar yesterday. Long term trade to follow the up trend in my IRA account. Got in at 385, closed at 415 after a one day move upward. Potential profit over 150%.
Unexperienced in these long term options, it is fascinating to see how the prices gap around during the day.
Holy macaroons! The position has moved from 260 to 400 within a couple of hours. I placed an order at 340 today, got filled at 310, and now its at 400. Daytrading LEAPS??? PS, I am very aware that this is a liquidity issue. When one option in the calendar gets traded, the other sits there at the same price. But it is interesting.