Jane ...PCLN - that is a pricy option
Not really. The 1255 calls opened at a buck-forty-five, HOD at 17.50, for the 12x
This early in the week, one might have risked a few bucks on the PCLN strike 1275 calls at.45, say 4 contracts for less than $200, one eighty plus commissions.
They sold during the session as high as 9.66.
Let's see, now. That would bring in the 4 contracts for $3,864. Would you like that? 19 bagger.
Even one contract would haul in close to a grand.
I knew we'd get into noodling about strike selection along in here somewhere. I'm not suggesting that it's simple nor risk free.
Jane, you're a pretty quick study. This will whet your appetite.
Didn't know that great fortune was so close at hand, unnoticed, tho't impossible maybe?
But don't imagine anything other than that only the most alert traders cab consistently pull them off.
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