It is not all peaches and roses at Optionmillionaires. Buying out of the money options is the most risky trade in this market. As option traders, we can be right about the 5-10% move a stock will make, but if it doesn't happen in a specified time we stand to lose money. This is why I think option traders are the smartest traders in the market. Don't think of optionmillionaires as strictly an options site. You could have simply went long many trades that we entered and booked significant profits.
This morning I sent out a trade I made the $470 appl calls, 10 minutes later they dropped over 50%. It happens when trading stock options. We are not perfect and never claim to be. Anyone touting 90% success rates with OTM options is pulling your chain. We have a long history of finding those options that trade 500-1,000% higher.
Last weeks $AAPL option trade at $.70 closed at $2.50. $700 into $2,500. This weeks? ....not as successful. We are not perfect, but you can rest assured the next alert will align with our long term successes.
One thought on “Option Trade Idea Drops 60% After 10 Minutes”
Unlike other option trading sites out there, this one keeps its integrity. Way to go anyway UPB =)