Quote:
Originally Posted by Craig
You have my attention, what'd you do, may I ask..?
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Short, risky and pricey option plays. My wife is the market genius in terms of timing the deals. I seem to have good hunches and/or dumb luck.
We have accounts that we take mild risks with and then we have our "casino" account that we take the big risks with. As you'd guess, it is less than 10% of our total portfolio.
I bought in heavy on AMD when it was ~$2.40 and sold it just off peak at $7.50. Held the options for less than 3 mos.
Did the same with Apple when everybody was bagging on it. Jumped in on a strike price that was only a few bucks more than it was already trading at.
Cost was only $2/share. It rose almost $10/share in the 2 mos I held it.
I've also made some bad calls due to oil going the wrong direction and doubling down on a tech stock that I have wood for.
I still think my tech stock will bounce back but that is a longer play.
Scott