Just picked up some Sweet XLK May 12th $55 Calls and a Lotto Play Picking up 30 others Really Cheap with their .04 Cent May 19th $56.50 Calls.
This is Tech Fund that has Google, Amazon, Etc. and their Earnings were Pretty Nice and the Odds to hit the Strikes were just shy of 99% which is Pretty Nice So I like my Odds at making some good money on these.
For Those who do not Understand Options, They can get a little Crazy with Terms like Straddles, Iron Butterflys, Condors, Etc (They Sound more like Good Heavy Metal Bands than Option Strategies),
I will make it Really EZ for you to understand as you can make a lot money with these using very little money if you do it right and you will can only Lose up to what you put in, Losing all your money is pretty hard to do unless you are very Careless or the Fund or Stock gets hammered by Bad news.. Trust me on this, Don't ever get Intimidated by Options, They are Easier to buy than Stocks and you get to pay the price you think it will be up to a Year in the Future. For Buying "Calls" Which I usually Do,The Higher they go above your "Strike Price" (The Price you think it can Beat) the More Money you will make, and Much More that if you just Owned the Stock Outright.
I just Paid $120.00 for 3,000 Shares of a Stock trading at $54.80 and I need it to go over $56.50 anytime before May 19th For me to make money. This is a fund which is comprised of a Whole group of Blue Chip Tech Stocks Bundled together in a Fund and Traded just like a Stock.
Check it out and look at the Option Chain.
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