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I earlier mentioned to take advantage of high leverage that is available on expiration Friday, especially for the earning’s strategy. These were the only two companies I played this time around and luckily both exploded. You may ask why lucky, because I think no one can forecast outcome of earning announcement with certainty. One can only make a bias so I chose a bullish bias for both.
Here RHT’s trade, ok so I was greedy in RIMM and therefore decided to sell RHT quickly (bot for $0.65, sold for $0.85, Gains +30%) but guess what, it is now trading $1.15!! That’s the fun part of trading, there is always a tight walk between greed and fear.
One thing to remind my readers, I don’t play speculative trades often. If I do, my % of capital allocated for speculative trades is less than 4% of my portfolio capital.
Profitable expiration Friday, OP