$NUS Why We Trade Options: Private Trade Tweet at $.50 x $.60 Hits $59.40 –

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At optionmillionaires.com, we pride ourselves on having a great chat room and community but we also have made some incredible trades over the years. The recent $NUS trade just about trumps them all.

Members are given the opportunity to see  trades  we make  via private twitter. I entered the January $130 $NUS puts at $.75 and $.80.

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I then explained my trade on the blog at optionmillionaires.com:

http://www.optionmillionaires.com/nus-decline-current-prices/

On twitter and stocktwits I told the world, in a not so subtle fashion,   that I thought the stock was going to collapse. Sure enough, it did. $NUS suffered an epic collapse this week.

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The $130 puts I entered at $75 and $.80 and alerted at $.50 x $.60 were worth $62.50 at the lows today and they hit a high of $59.40.

A $600 entry at $.60 was worth over $62,000 at $NUS Session lows.

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Successfully trading out of the money stock options is not an easy task. Anyone claiming 100%, 90%, 80% success rates is lying to you. We have a great track record of finding the options that are poised to make a big move before everyone else. Are 10,000% gains the norm at optionmillionaires.com? While I wish those gains were had everyday, those types of returns do not come often. However...JB just last week bought the $ISRG $390 calls at $.20 before it surged over $420. It's been a great start to 2014.

No one was talking about $NUS early this week and late last week. Now, everyone is talking about this stock. That is what members at optionmillionaires get, in addition to access to a great community of traders.

Profile photo of uranium-pinto-beansKnown 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.

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