Option Millionaires

[Vaz]

I posted a while back that i rarely hold "weekly" options overnight... I beleive weeklies overnight can lead to lots of pain if a flat or wrong direction open occurs the next day....(but if it opens in your favor the next day, big gains a coming)... Monthly or long dated options are much safer overnight holds...


There is no 1 way to be succesfull in trading options or stocks...each individual needs to find what makes them comfortable and succesfull


But, one can hold an option all week or month and be down to basically bidless, then it can all turn around on 1 god day....options are amazing, tricky, painful and life changing all together


I sold POT 120 calls at 3:55pm the day before that huge BHP buyout offer. Missed 90k by 5 mins

I bought 360 puts on BIDU 3 hours before GOOG announced they pulled out of China, had i got calls 200k

Talk about heartache

So many others, just to show the potenial of options...

I get off point alot...lol

Gotta go wrestle with the lil guy to tire him out b4 bed