10baggerbamm
:
buy CALLS! the November 29th right now are zero bid by 28 cents that'll cover earnings and give you time for it to run for at least another two weeks depending upon when they announce in November. so you throw a bid in for a nickel and if you get filled you own them dirt cheap. it may take all day long you may only get filled on a couple of contracts you may not get filled on any contracts your first day I've set bidding contracts that are zero bid before for a week and out of nowhere sometimes you get filled all at one time
10baggerbamm
Credible Commerce
:
November 29th is the expiration date that will give you plenty of time for the earnings to come out and the market to respond the actual date has not been released but if you do a search it's probably the end of the first week beginning of the second week somewhere in that range. you definitely don't want to be short of your earnings date when you buy options because you want to have that upside surprise potentially post conference call which could light a candle under this stock best case scenario. so that's why going to the end of November will give you about two and a half weeks maybe 3 weeks of total time post earnings to get a best case scenario upside move and we know from history it moves very quick up and down. the $6 strike right now is zero bid now obviously that was Friday's close and then the asking is like 28 cents I think that's what I said earlier. so if you throw a bid in for however many contracts you know 10 contracts is a thousand shares at a nickel you may or may not get filled and if everybody follows and does this and goes yeah I'll take a shot why not you're definitely not going to get filled because other people will see a huge bid come in and they'll go to 10 cents they'll go to 15 cents so go to 20 cents and they'll push up the price of that contract. but to me this is where you roll the dice if you can get filled in a nickel you probably could turn around and double your money on any upward movement in the stock even an eighth of a point you could put it at 20 cents and make three x four extra money. but that's not why you're buying the option you're buying it cuz you're looking for a $7 price at $8 Spike in which case let's suppose you got filled in a nickel well shit that's 50 times your money if it hits 8 plus time value and volatility premium it could be 65-70X money.
Method tr4der : Been waiting for this
10baggerbamm : buy CALLS! the November 29th right now are zero bid by 28 cents that'll cover earnings and give you time for it to run for at least another two weeks depending upon when they announce in November. so you throw a bid in for a nickel and if you get filled you own them dirt cheap. it may take all day long you may only get filled on a couple of contracts you may not get filled on any contracts your first day I've set bidding contracts that are zero bid before for a week and out of nowhere sometimes you get filled all at one time
Credible Commerce 10baggerbamm : Which calls
10baggerbamm Credible Commerce : November 29th is the expiration date that will give you plenty of time for the earnings to come out and the market to respond the actual date has not been released but if you do a search it's probably the end of the first week beginning of the second week somewhere in that range. you definitely don't want to be short of your earnings date when you buy options because you want to have that upside surprise potentially post conference call which could light a candle under this stock best case scenario.
so that's why going to the end of November will give you about two and a half weeks maybe 3 weeks of total time post earnings to get a best case scenario upside move and we know from history it moves very quick up and down.
the $6 strike right now is zero bid now obviously that was Friday's close and then the asking is like 28 cents I think that's what I said earlier. so if you throw a bid in for however many contracts you know 10 contracts is a thousand shares at a nickel you may or may not get filled and if everybody follows and does this and goes yeah I'll take a shot why not you're definitely not going to get filled because other people will see a huge bid come in and they'll go to 10 cents they'll go to 15 cents so go to 20 cents and they'll push up the price of that contract. but to me this is where you roll the dice if you can get filled in a nickel you probably could turn around and double your money on any upward movement in the stock even an eighth of a point you could put it at 20 cents and make three x four extra money. but that's not why you're buying the option you're buying it cuz you're looking for a $7 price at $8 Spike in which case let's suppose you got filled in a nickel well shit that's 50 times your money if it hits 8 plus time value and volatility premium it could be 65-70X money.
liquidityHunter : not a breakout in my opinion. volume is low
10baggerbamm : nice call posting this chart..