Even better check out this chart below, Amazon has just broken out of huge sideways channel or flag formation, which projects a price target for Amazon of $320.
So if Amazon hits $320 by August 17 those dirt cheap, penny options-mini options, would give you more than a 200% gain. Remember even though I have a much much bigger trading account today than I did in Grad School, I still almost exclusively trade penny options (options under a $1) and mini options now, because you get such incredible leverage and you only need to put a little amount of capital down to make a lot of money, and that is what I call a great return on investment.
Insider trading stocks or more advanced option trading tools and covered call buy stock options.
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Speaking of Grad School, I used this secret options strategy to pay for most if not all of my tuition using just a $4500 trading account.
Let me repeat this penny options are put or call options that are liquid and that sell for less than a $1.00.
Why August, well this is the first option available after Amazon reports Earnings, and like I always say, you have to have a catalyst when you are trading options, and I believe that catalyst will be a strong earnings report from Amazon.
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