05-22-2012, 10:36 AM
Yep, but in a call spread, not the stock itself. I bought a Jan '13 bull call spread back on Dec 28th - bought $7.50 calls and sold $10 calls.
I got the $7.50 call for 58 cents, it went all the way up $3.15 in March, and by yesterday had fallen all the way back down to 79 cents...
Since it's a spread, though, I just need it to be over $10 in January (or at least over $8.08). The spreads cost 35 cents each, and pay out $2.50 each - not a bad return for little risk.
I got the $7.50 call for 58 cents, it went all the way up $3.15 in March, and by yesterday had fallen all the way back down to 79 cents...
Since it's a spread, though, I just need it to be over $10 in January (or at least over $8.08). The spreads cost 35 cents each, and pay out $2.50 each - not a bad return for little risk.
Ex SWG, L2, CoH, Wow, and War
Currently PvPing in the stock market
Currently PvPing in the stock market