SINA – $67.50 calls @ .40

SINA continued its downward spiral Monday and Tuesday. We figured a bounce and squeeze was in order, as it has done so in the past. Today finally looks like the time for the bounce, as SINA held $60 and has bounced all morning to $62.50. Should bounce nice the rest of the week. Weekly options are extremely risky, but can be very rewarding as well. Looking at the $67.50 for .40.

Profile photo of jimmybobJimmyBob (Scott)has been trading equities for over 15 years, a majority of which were OTC micro-cap stocks. He started trading high risk stock options over the past 7 years, and has proven winning trades in excess of 15,000%.

As one of the Co-Founders of optionmillionaires.com, Scott enjoys sharing his knowledge with other investors through timely blog posts, daily watch lists in the forum, weekly webinars, and helpful advice within the chatroom.

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