Quote:
I will buy hard at 427 by the way.
I am replying to this post again. $427 has been the money level. I have traded off this 3 times since that post and made good money every time.
I wish I could post this kind of wisdom, but all I can offer is AMD. I have watched this one for a long time, and I think that $100ish is the new $80ish from the last year. The last round of earnings raised the floor $20. Any time I see a $100 or when it crept down into the high '90's, I pick up some calls 3 or 4 weeks out.
SPY today... $427.54 to $434ish now. I think it was in the $428's by when I logged on. I just pick a C about 12-14 days out (Oct 18 today) and it has bounced 4-6 points every time.
P.S. - $30K - did/do you have a personal license plate that matches your user name? I took a pic of a car with one probably like 6-8 years ago in Dallas... I would post it but err on the side of privacy.