How much money can be made?

G

GotherL

I called out $90 JKS calls on 10/11 when it was around 65's and NIO $30 calls on Tuesday when it was sitting at mid 26's.

What's a rough estimate of profit with less than $1000 options account had I went in? I am still a noob at them and didn't open an options account so I didn't make any trades on either of them. Just stared at them while they hit my strike call.
 
You would have probably made good money on either. The trick would be how long you would stay in on a winner.

Take NIO today. The $30 calls were up 1,800%. However, you would have probably gotten out after making a few thousand. Also if you only had $1000 you probably would not be going in on 90 calls at $11 at the close the day prior.

FYI - Thanks for the heads up on NIO. Had not idea of the vol this stock trades at and also the corresponding option volume.
 
GotherL said:
I called out $90 JKS calls on 10/11 when it was around 65's and NIO $30 calls on Tuesday when it was sitting at mid 26's.

What's a rough estimate of profit with less than $1000 options account had I went in? I am still a noob at them and didn't open an options account so I didn't make any trades on either of them. Just stared at them while they hit my strike call.
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%%
''GOING all in'' Go, in a leveraged account is a 100% chance of losing it all in the long run.Zero/goose egg profit
On a 5 minute chart anything can happen.Dont try this @ home unless you want to prove me right...…………………………………………………………………………………………………………………………………...
 
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