I had a bullish bias heading into the ECB this morning. A little birdy on my shoulder was telling me to buy calls in $AMZN yesterday and I bought a dart throwing monkey who just happened to hit $AMZN as well. It's just dumb luck. The same luck that told us to be call buyers in this market while everyone else has been busy fighting the upside.
https://www.optionmillionaires.com/sequester-debt-ceiling-cyprus-ukraine-tech-small-caps-now-bonds/
Yesterday I bought the $312.50 $AMZN weekly calls for $.84 and the $317.50 $AMZN calls for $.21.
This morning in the chat room, via live audio, I commented on the $AMZN $317.50 strike when they were still at $.35, noting the 50% gain yet $AMZN was only up .4%. "Something is up. Looks like option traders are getting in for a push higher". $19 of upside later those $.35 calls were trading for over $10.00 each. My entry from yesterday was a 50 bagger at todays highs. Here is one shot intra-day
and another later:
On a relative basis that is $210 into over $10,000 from my entry to the high. The $AMZN move was not the norm. A 50 bagger does not occur on a daily basis, but we are barely halfway through the year, and this is the second massive mover in 2014 after $NUS options from $.60 to $60.
https://www.optionmillionaires.com/nus-trade-options-private-trade-tweet-50-x-60-hits-59-40/
It did help that $AMZN announced a secret event after the bell yesterday. Perhaps the option gods were smiling down from above.... or just another act of pure luck.
My $FIVE call from earlier this week bombed, but my $GS calls and $X calls did well. The luck thing doesn't work 100% of the time.....
Either way, options offer the chance to reap significant returns while risking a small amount of capital. Let me be 100% clear, you can lose your entire investment trading out of the money stock options, but you can also turn a small investment into a large one very quickly... all you need is a whole bunch of luck. Of course when our luck runs out.... oh boy.
Come test your luck in our lucky chat room.
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