Another giant week in the stock option market just came to a close leaving some huge profits in its wake. PCLN, AMZN, SBUX, GOOG, almost every stock out there offered option traders an opportunity for some amazing gains.
Had you bought 10 contracts:
PCLN calls $665 strike a low of $.05 to $20.70 = $50 into $20,700
PCLN calls $670 strike a low of $.05 to $15.70 = $50 into $15,700
PCLN calls $675 strike a low of $.05 to $10.30 = $50 into $10,300
GOOG calls $625 strike a low of $.15 to $9.80 = $15 into $9,800
AMZN calls $230 strike a low of $.26 to $8.12 = $260 into $8,120
PCLN calls $235 strike a low of $.05 to $3.30 = $50 into $3,300
Truly a remarkable day. We have the central banks to thank for these types of moves. In case you didn't figure it out yet the term "actions speak louder than words" applies to everything in this world except the stock market.