$AMaZiNg Options

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.

amzn6

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.

limited 15-day Trial offer to OM.com and the chatroom - Send email to optionmillionaires@gmail.com with Trial in header for details

 

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

More Posts by UPB: View All | Private Twitter Feed: Access Now! (For Diamond Members)

Leave a Reply