OPEX MADNESS

madness

 

OPEX or Options Expiration day offers the potential to turn a few pennies into a few dollars.  We had a great OPEX day in the chat room.  SNDK was the trade and I put a bid in before the open for the $36 calls with SNKD at $34.80.  A minute into the open I was filled and posted my trade in the chat room. 50 contracts at $.06 each.   Those contracts hit $.65 each.  I sold out at $.34 early in the session as I did not want to waste the premium as it will erode drastically as the day wore on.  $300 into  $1,700.    I also purchased the $35 calls for $.22 a minute afer the $36 calls as SNDK continued to fall right after the open.  They hit $1.65!  $220 into $1,650 had I sold right at the high.

The price of stock options relies on numerous factors.  One factor is the time to expiration.  With the SNDK options expiring today I was able to get in at a very cheap price.  Any move in SNDK exaggerated the price of my options.  It was the perfect option trade, and posted right in the subscriber chat room for all to see.  I posted my my buys and my sells right when they occurred.

There is nothing else out there that can give you the returns that trading stock options provide.  Pennies into dollars.   Madness.

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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