Musky Guy's Charts and Picks

[maybe_this_time]

Meat loaf I'm baking still not done, lol... Yeah, premium risk gets you with those high priced calls on expensive stocks playing weeklys. Look at AAPL. 600 weeklies may be going for 20 bucks today. Stock goes up 5 from 600 to 605 tomorrow, but the weeklies now only go for 14 bucks as there are only 2 days rather than 3 until Friday. Time is not on your side. This is why I like trading the less sexy stocks in the 35-70 dollar range. I made 50% on NEM calls today. Have a little discussion about premium risk in the ibox of my board. Personally I don't like to go to far out of the money and even like to go a strike price in the money. That way you don't don't get creamed if it goes against you and premium is a lot less. But you don't get the 200-300% gainers. Have to settle for 50 to 100%, lol. The big gainers can be played for on Fridays!