Northern Dynasty Minerals Ltd (NAK)

[deadjim]

No offense but there are way too many pieces of information in here that's just false. You're not risking $2.50 according to the way you put it, you would be risking 100% and this sure as heck isn't going to $100 from $2.50 and that isn't your reward. You have to do a retracement off this drop starting from where it based and collapsed off of, and see what a 50% would be and aim for shy of that. Risk is, where I bought, new lows at 2.25. I risked .15c. Nobody should ever risk 100% on any trade.

Also options are very tradable if you can read a chart but you do need some kind of liquidity in them and you simply play the option closest to the stock price. You don't want to do out of money calls/puts unless you're hedged in some manner.

And to answer the original question asked to me, no, I would not play NAK options.. atleast not until a strike price became active.