Option Millionaires

[jimmybob]

NFLX ~ ICING on the cake friday..

Was kicking myself for not grabbing some type of OTM leap on NFLX... like March $150s...

So to make my self feel better, i grabbed the $120 Weekly calls @ open. Figured the folks would start turning into believers again on NFLX. Especially if it gets some mojo. So I see it running at the open and grab the $120s when the stock was at 117... Rushed it, as ilet emotion play into it:

Filled Buy to Open 10 NFLX Jan 27 2012 120.0 Call Limit 0.55 -- -- 09:31:40 01/27/12


Few minutes later, stock is down to $114, and im counting that as a loss. Figured it would expire worthless and forgot about it. Few hours later it surges and now flirting with $120. Options are now .70 from my .55 entry. Lock them in? Considering i have lost $6k in the last two weeks on expiring NFLX calls.

Well this time i held, figured on $120 break, it would squeeze. Well after much flirting, it did explode. And quite honestly, i was watching my SINA jackpot growing and didnt notice NFLX. One it hit $123, i said enouugh and locked it in...

Filled Sell to Close 4 NFLX Jan 27 2012 120.0 Call Limit 3.00 -- -- 15:21:39 01/27/12


Filled Sell to Close 1 NFLX Jan 27 2012 120.0 Call Limit 3.00 -- -- 15:21:39 01/27/12


Filled Sell to Close 1 NFLX Jan 27 2012 120.0 Call Limit 3.00 -- -- 15:21:39 01/27/12


Filled Sell to Close 4 NFLX Jan 27 2012 120.0 Call Limit 3.00 -- -- 15:21:38 01/27/1



So again, not too bad... $550 into $3k