I made a HUGE return buying out of the money calls with expiration for this week, and started buying one position on Tuesday. Here is how you do it!
$Advanced Micro Devices(AMD.US$ this run with $Advanced Micro Devices(AMD.US)$ has been wild. On Tuesday I grabed some yolos in $Advanced Micro Devices(AMD.US)$ weekly OTM $105 calls bought 25 at $.17 and exited them at $.55 yesterday. And yesterday I bought 65 of the $107 calls at $.13 and exited 49 of them at $.49 each, to receive $2,401 when my cost for the 65 contracts was only $845 so I made a gain of $1556 and still have 16 contracts for freethen when they collapsed I grabbed 13 more at $.09 avg, so after that big gain and with the extra cost of $117 on the last 13 contracts I bought I’m at a worst case scenario going to profit $1439 if the contracts go to zero. There’s nothing better than a massive gain on a yolo where it’s a straight up all or nothing
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Concord1 : Too bad I made a wrong put call and looking set to lose few hundred bucks