Option Trade Idea Drops 60% After 10 Minutes

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It is not all peaches and roses at Optionmillionaires. Buying out of the money options is the most risky trade in this market. As option traders, we can be right about the 5-10% move a stock will make, but if it doesn't happen in a specified time we stand to lose money. This is why I think option traders are the smartest traders in the market. Don't think of optionmillionaires as strictly an options site. You could have simply went long many trades that we entered and booked significant profits.

This morning I sent out a trade I made the $470 appl calls, 10 minutes later they dropped over 50%. It happens when trading stock options. We are not perfect and never claim to be. Anyone touting 90% success rates with OTM options is pulling your chain. We have a long history of finding those options that trade 500-1,000% higher.

Last weeks $AAPL option trade at $.70 closed at $2.50. $700 into $2,500. This weeks? ....not as successful. We are not perfect, but you can rest assured the next alert will align with our long term successes.

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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