HOT TRADING STRATEGIES FOR A COLD MARKET
Daily Stock Market Equity and Options Trading Commentary

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Wednesday, July 29, 2009

LaserCard Option Play Pays off BIG

As stated on my blog post Bullish Breakout Stocks on HUGE Volume Saturday, I was looking to get into some speculative options on LaserCard Corporation (LCRD). LaserCard, Like STEC Inc. (STEC), was another stock I found with some extensive homework, and the help of IBD. Today I swapped out of 80% of my option contracts for a 700+% gain in 2 days. I purchased these contracts for $35 per contract, and sold them today for $250 a piece. This is extremely risky, but is one example of how options can pay off in huge ways. This type of strategy should only be used if the person doing it is willing to lose 100% of the position.

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