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You read my mind, thats exactly what I was thinking. Watch that $0.20 call jump up 5 or 600%. Thanks, maybe I'm starting to learn something here.

The OTM is more likely to lose more $$ if no move or drop but on a big move, will have a greater ROI and make more. That's called leverage I like the leverage part.:) I bought some cheap options a couple of times purely for speculation, but thats the extent of my options experience. I'm...

Why buy options in the money when you can buy out of the money options a lot cheaper? Is it because it takes more of a change in the price of the stock to affect the option price of otm options?

Anyone playing around with this one? I bought a call and a put strictly on the publicity hoping to catch a big move one way or the other.