Option Millionaires

[MNYC]

These happen when you don't expect it usually. That's why often it pays off holding Options into expiration day (instead of selling for loss, if it's already at like .01-.03) because you never know there might be a huge break out.

I had those W 70 Calls in SINA at .05 yesterday and was expecting it to go worthless only to see it waking from the dead and go to 1.00+, wish i have had the balls to hold for 1.00 instead of selling at .20 but it's just so tricky and never know where exactly it tops out. Happy though that I was able to get out with a nice profit instead of expiring worthless but yes a 20 bagga would've been sweet to end the week with ;)

This is why we love Options