Just last week, I bought a 649 ticket for the $18 million jackpot for $3. I was called a sucker but hey there's always that slim chance of hitting it big! I do not gamble my money away with lotto tickets often but I will make calculated bets like buying CALL options!
Once in a while, I like to buy a CALL option to spice up my portfolio. I do it for fun. I am not a technical trader nor am I that analytical. Best to say, I trade with my gut instincts based on current trends.
On March 27, 2015, I decided to risk $93.00 to place a bet to see if I called it right as shown below in a tweet:
PC
BOUGHT 1 V Jun19'15 70 CALL @AMEX @ 0.93
For most part I've held this Visa CALL, it has reached a high of $1.59 to a low of $0.26 per contract. Below is a graph for your reference:
Through it all, I am still holding on to this CALL in hopes that it will go far ITM for unlimited gains. With more than a month to go, I will have to make my exit in the most advantageous way. I will not sell out prematurely like I did with my Starbucks CALL nor shall I lose everything like I did with my Apple CALL.
I blog to record my wins and losses in trading stocks and options. For most part, I've been on the winning side!
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