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.