This past week was a great example for those wanting to see the power of trading out-of-the-money options. With great risk(positions expiring worthless/complete loss) comes the possibility of great reward(1000%+ gains). I made a total of 9 trades this week, and 4 of those 9 turned into 500%+ trades. This week was the exception, not the rule.
These trades only happen with crazy conviction, meaning I thought $SSYS would test $30 (it was trading at $19) and that $WDAY would hit $76(it was at $62), and of course require tons of luck. But I'll take luck over skill any day of the week.
Some of the trades:
1100% SSYS March $25 calls : in at $ .25 out some at $2.75
1760% WDAY Weekly $70 calls: in at .25 out some at $4.40
590% SSYS March $29.50 calls: in at $.16 out some at $.95
562% SCTY Weekly $25 calls: in at .08 out some at $.45
For those looking to see what the OM community is all about, we do have a limited amount of 15-day trials. Send an email to optionmillionaires@gmail.com with 'Power Trial' in header for details.
Have a Great Weekend!
-JB