Feeling better with this pre-market action!
New plan! (Maybe).
Is there a good, cheap, Call to buy for 2/4 that would 10X with an SP jump from 1000 to 1100 in the next two days?
Here is why I ask:
My new plan is to watch the ticker and hope we get close to 1,000 today. Then sell just enough Dec. 1100/800s to close out all my 1050/800 and 1050/850. This will limit the losses for the year and leave me with lots of margin to still trade BPS the rest of the year. But to capture some of the upside I could potential lose by closing the positions before earnings today, I want to buy some cheap calls that won't hurt too much if they expire worthless, but that will pay well (like 10X) if we have a 10% bump tomorrow.
So do the call buyers in the group have any non-advice?