Option Millionaires

[jimmybob]

A little of everything I would say. Charts, intuition, fundamentals...

I played ROKU earnings this week - been bullish for a while and thought a beat and raise puts it over $80 this week so added 80 calls a few weeks back.

Sure enough the company beats estimates and raises guidance. I take some calls off to cover costs, scale a little more out at 400% and closed the rest when it failed to re-break the $83.40 level for 500%.

My calls would expire today so too much risk to hold overnight , not to mention I figured $82 or so was the top for now on ROKU... it may run again today but i can always get back in...


Its not an exact science but I think the first thing one needs to do is figure out where the numbers may take it.

GPRO has a huge short interest so could be explosive if the market likes what they say yesterday....

GLTU