Long terms BIDU

C

cdowis

Did a Dec/Jan 380 call calendar yesterday. Long term trade to follow the up trend in my IRA account.

Got in at 385, closed at 415 after a one day move upward. Potential profit over 150%.
 
Holy macaroons!

The position has moved from 260 to 400 within a couple of hours. I placed an order at 340 today, got filled at 310, and now its at 400.

Daytrading LEAPS???

PS, I am very aware that this is a liquidity issue. When one option in the calendar gets traded, the other sits there at the same price. But it is interesting.
 
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