Today before Zuck interview. For .05 each, why not? If it hovers around $19 on Wednesday, I can still sell them for .05 and if it pops on some major announcement, how exceptional. This is only a losing trade if it never breaks above $19 Wednesday.
A $2 rise would = $100,000 for this virtually risk free trade.
I know the chances of him popping this up are quite slim, but he's speaking for a reason and I'm guessing it's something significant. I don't think he will go into financials, but he quite possibly might discuss some new integration regarding mobile.
The options have absolutely 0 premium factored in for this interview. None. It's a very solid trade for a small amount to risk.
Which broker are you using? I am interested in trading cheap options in large blocks but my brokers are too expensive for this type of trade (Schwab and Scottrade). I am looking into Optionshouse which has a fee of $8.50 + 0.15/contract.
Not a bad idea. I have lost more than you stand to lose just by having holes in my pockets. I am also curious about the fees on this buy? (Buying and exercising) Should be minimal
Good luck to you.