iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

LET ME SHOW YOU HOW THIS WORKS

Our candidate for a weekly call position this week was NFLX. Just a few days ago, we purchased the weekly 435 calls for $1.67.

Despite being questioned on my price target, I was convinced that buyers would be aiming for $450 in the stock.

Those same calls were just booked for $14.75.

If you put $1,000 to work in this trade, you’d have 6 contracts ($1,002.).

That same trade was just booked for $8,850 off a $1,000 investment.

Leverage can be a double edged sword in options, but if you trade with the right position size, you can make big strides with less capital at risk per trade.

More later,

OA

If you enjoy the content at iBankCoin, please follow us on Twitter

48 comments

  1. chub

    *standing ovation**

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. Stockrunner

    U DA MAN OA!

    U have a choice between LULU, VNET, CRM, or SUNE?
    THANX!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. matt_bear

    COUNTING ‘DEM STACKS BRUH!!!!!!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. chub

    wow. 2% turnaround in my gains today. that sux

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. mrboulders

    missed the original entry on the NFLX (holiday Monday up here) and lucked out getting in at $1.35 on Tuesday’s early dip – and then out at $13.75
    Wow – Vegas is covered for me! Thanks OA.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. k_melancon

    Not liking this selling into the close

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Thomas Jefferson
      Thomas Jefferson

      Me neither. I happened to jump in the TWTR 44.50’s too. Then LULU Sept calls hit. I get nervous when things hit too near one another. Usually a bad sign based on my track record.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
    • k_melancon

      Part f the game – that is why I keep my position sizes small – good thing is that for TWTR there is strong support at 44 and that held. Assuming the market fundamentals are good, think there is a good chance for a bounce. Only looking to get a double out of this position – no need to get greedy on a yolo.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  7. TheOSU

    Watch for a buy program the last ten minutes ; strong open tomorrow then midday scare

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. jersey whale

    KNDI? Aversion on the one year? I think earnings are nxt week

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. jersey whale

    maybe denial

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. dizzles

    Straight up stud OA. Can’t wait for Vegas details

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. MRBIG

    Could get a last ten min buy with some early day buy tomorrow ……then

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. k_melancon

    support for AMZN at 310 with a good bounce back

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. bear54

    OA
    what is your take on MU? will this be a good fit to your style

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. Jake

    OA, where can I sign up to get your real time option/stock picks? Do I get that with After Hours with OA or is there a different service. I just want real time picks emailed to me.

    Def jumping on board this gravy train.

    Thanks!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. UncleBuccs

    I didn’t take the NFLX trade, and I must say – it’s awful lonely being on the outside, looking in…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • k_melancon

      I am with you – I miss not having my weekly 500% trade…

      • 0
      • 0
      • 0 Deem this to be "Fake News"
    • ryans

      Me too. No worries though, the market is an endless sea of opportunities.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
    • hisnibs

      I had to sell yesterday …. blah. I couldn’t watch it, had to leave

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  16. dumlucks

    So good. http://media.giphy.com/media/xLJE238iO1Cta/giphy.gif

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  17. Curtis

    Jeff, any opinion on TRTC

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. Jennifer

    How’s lulu treating ya?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  19. Jennifer

    It is looking good now you filthy bears (lulu)

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. Option Addict

    I just bought a long term position today. Feels fine so far.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. Noni Kavuri

    LULU jumping after hours on this news:

    http://www.reuters.com/article/2014/08/07/lululemon-athlet-idUSL2N0QD26S20140807

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. Option Addict

    My specialty is timing, Noni.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. Jennifer

    Oa I was talking shit on bears on lulu

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  24. JPMorgains

    Sheer winship by you, incredible LULU

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  25. linmoo

    Damn…missed LULU. Was going to buy tomorrow. ARGH.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  26. gatorsun

    I had 10 contracts NFLX 1.45 damn near sold the top with jeff and the best group of traders around OA ,,,and SUNE…and LULU nuff said to any doubters

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  27. val

    tell me pl one contract represent 100 shares?

    • 0
    • 0
    • 0 Deem this to be "Fake News"