HailMary, good luck with your calls! I see Jan 15s selling for 85c. Including brokerage fees and bid/ask spread, you break even at about $1. 100% profit would be about $1.85, 200% would be about $2.70. Should the stock go over 16 in the next month then likely you will be over the 100% profit mark.
Of course, since 15 is about 1.5 points out of the money now, the stock has to do about a 10% up move just to get you to the starting gate.
My strategy on calls (long): When you can get a nice profit, take it. Then think about the stock's direction. If you think the stock has potential for further appreciation, buy new calls, maybe moving the strike price higher.
Right now I don't have any long call positions. I closed the few I had (in the airline industry) within the last two weeks because (1) the historical market pattern of rising before earnings, falling after earnings; (2) evidence that the airline industry, now healthy finally, is embarking on a stupid expansion plan that will doom profits in the industry. One of my calls was a January call (NWAC), which I closed the day after they announced a surprise profit. Made a nice profit myself on it!
I want to start some new call positions when this correction has run its course. I'm starting a search for some candidates this morning. I prefer to get them near or slightly in the money so that any move up starts to be profitable.
News 
Market Data 
Discover 
