Nov 8th -- All above 530 lost money (530 gained $0.09)
Nov 16th - All above 540 lost money (530-440 gained less than $1)
on a $7 green day
Yep, I wrote the 540 calls. They're most def expiring worthless.
Buying weeklies is highly speculative and definately gambling; people should know that. Buying OTM, July 2014, January 2015 options are a lot less risky than weeklies, but you'll have to pay a premium. Risk vs. Reward, that's all it is...
Have to watch vxapl .... when it is this low, it's a little safer to by leaps.
I was suprised on a green day