SINA ~ UPDATE #3 LINK BACK FOR UPDATE 2 and 1 ~ so at open this morning my $560 SINA call investment was worth over $8k. Figured a little sell-off on open, but didnt expect the break of $59 on JPM upgrade.
Sold all my $55 calls for $4.50 ~~~ an 11+ bagger from .40..
Still holding my $60 calls purchased at .08 ~~
Those hit a high of 1.62 today... so a 2000% gainer..
$180 into $3200 in 2 days... not too shabby ~~~
01/10/2012 09:33 AM Bought 1 SINA 12Jan13 C 60.00@$0.08 $-13.60 Executed Detail 01/10/2012 09:33 AM Bought 3 SINA 12Jan13 C 60.00@$0.08 $-25.95 Executed Detail 01/10/2012 09:33 AM Bought 5 SINA 12Jan13 C 60.00@$0.08 $-43.25 Executed Detail 01/10/2012 09:33 AM Bought 10 SINA 12Jan13 C 60.00@$0.08 $-86.50 Executed Detail 01/10/2012 09:33 AM Bought 1 SINA 12Jan13 C 60.00@$0.08 $-8.65 Executed Detail
Thought process was to buy these to allow me to sell the 55s... worked out perfectly.. ~~~
Doesnt always go as good as this but good example on how to bank serious coin in 2 days ~:)))