Long terms BIDU

Discussion in 'Options' started by cdowis, Jun 6, 2008.

  1. cdowis


    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%.
  2. cdowis


    Unexperienced in these long term options, it is fascinating to see how the prices gap around during the day.
  3. cdowis


    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.