Trading out of the money options are a risky proposition. Trading out of the money options on a stock reporting earnings is an even more risky proposition.

Earnings reports mean volatility, and option prices rise due to volatility. Ideally you want to be buying out of the money options on stocks you think are going to make a big move precisely when everyone thinks the stock won't make a big move, much like we did a few weeks ago with $NUS. $NUS was at $139 when I bought and alerted the $130 puts at $.55. They ended up going over $60 a contract or $550 into $60,000 in a week.

https://www.optionmillionaires.com/nus-trade-options-private-trade-tweet-50-x-60-hits-59-40/

I'll be hosting another webinar on Thursday January 30th at 11 a.m. EST. It will be on the Think or Swim Platform. I'll quickly run over the basics, show you how to find out what options are seeing unusual volume, how to set up your charts and even more, if we have the time.

LeeMalone will be hosting a Webinar this afternoon at 4:40 p.m. He will discuss how to protect winning positions and will try to answer any questions as well. This webinar will be recorded and available tomorrow.

Register below: