Quote:
Originally Posted by Hammock Parties
No - what is it, you set a price you'll sell a stock for 3 months in the future or something? Hope some rube comes along?
|
I saw AMD was down yesterday, and figured it would likely go up soon, so I bought a couple hundred options (8/21, $87) at $0.56 each. They were cheap because AMD is not likely to go up to $87 by next Friday.
AMD did go up this morning, so while it's still unlikely to get to $87 by the 21st, it's more likely than it was yesterday. I sold the options today at $0.83 each. 48% profit in one day isn't too bad. If AMD had gone down, I could have potentially lost my entire investment, but it wasn't a very high dollar amount.