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  • whatdidido1970 whatdidido1970 Apr 12, 2012 5:54 PM Flag

    nightmare for option players

    just not true..If you buy in the money options and leave yourself several months time its easy to make money.You have to remember to SELL I bought WLT Sept 65's for 5 bucks near tusedays close because it held up so well in the sell off on tuesday.I sold them for 7 bucks today.i bought only 6 so thats 3k turned into 4.2 k a 1200 dollar profit and i am out.Who knows where wlt will be in Sept and if it went against me i could have bought more and waited wlt was bound to have a pop between now and sept.you can lose yes but you can lose in stocks too.You follow the 50 day 200 day support/resistance volume all the same things as buying stock but you NEVER even get close to the date the exp.Works for me..My goog option buy on tues was an "earnings run" option play and it worked...i NEVER wait to here how the co did.Works 80% of the time.

 
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