Boca_Bobby Basics

[boca_bobby]

Whoa!

I just grabbed 100 contracts of C Dec $5/CALLS for $0.37!!!!!!!

This will be a longer term hold but may pay off huge. Many people have said that C has a great shot to hit $5 in the short term. The implied volitilty on these i s extremely small right now. This means that even if our PPS jumps to $5 over the next month or so, our contracts may not move like we want.

This will change over time. As long as we continue to move up and the expiration gets closer, the IV (Implied Vols) will improve. So that makes this a long term hold. But I consider it a nice hold with a low downside risk factor.

Time will tell.