Replies to post #70496 on Option Millionaires

[Omars]

Everybody knock on wood, please keep us posted we need that

[jimmybob]

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 ~:)))