SINA Corporation (SINA)

SINA Corporation (SINA) is a stock we watch on a daily basis at Option Millionaires. Why? Mostly because the stock tends to be volatile which in turn, provides some amazing possible returns on calls or puts. We brought SINA Corporation (SINA) to your attention last week as a possibly bottom bouncer.  We expect more follow through on todays move.

Here is what we said in chat on Monday:

 

2012-04-30 09:39:22            Message            jimmybob            Option Millionaires Live            SINA bottomed 62.50 calls @ .20 and .24

 

2012-04-30 09:39:29            Message            jimmybob            Option Millionaires Live            opentrade SINA 62.50 calls avg .22

Those calls hit .90 today for a 450% possible return, a $220 investment on Monday would be $900 today. And we dont think SINA Corporation (SINA) is done yet.

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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