Options 101 – I preach this time and time again, you must know what is going on in the options market! In my last case study I outline why following unusual option activity is like having a crystal ball at times and can give you an edge.
Today, Shares of Molly Corp (MCP) had an amazing day up just about 17%. If you were a technical trader, you might have picked this up as a potential trade as it came into support for the third time.
Or if you followed the option activity, On Monday you would have seeing that Late day option buyers came into the March weekly $44 and $45 calls late day with only three days to expiration on those option contracts.
That means the traders that bought those calls needed a quick move to make it worth the investment and that is what we saw today. More call activity picked up early, which I again pointed out in my live chat room. This is after doing my weekly video last night, which I went over (MCP) and talked about how it was a long and went over the call buying that we saw again that day.
Some of the returns on those calls you would not believe, we are talking about 500% return intra-day on an early out-of-the-money April $60 call buyer at 15 cents early this morning.
Check out my video for more information.
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Hi Josh,
I was waiting to download and see the E-book that i ordered about “Weekly Options” but I haven’t receive it until now.
Pls help.
Thanks and best rgds,
jun
Thanks for picking up the digital guide. You may want to check your spam folder, because the log in email sometimes gets filtered there. If you still have issues contact support at http://www.optionsizzle.com/support/