Can You Play One Day Options On Stocks In The Two and Three Dollar Range?
Why would you want to? Well consider this. Big Bear Ai. It's a $3.00 per share stock. Could Call options on this stock that expire tomorrow double in price on the opening? This stock was running hot earlier this year and was at that time trading massive of shares. It now seems to be out of favor. Now this. On Thursday it's Calls that expire on Friday closed at $.05 after hitting a high of $.10 on the day. $.05 is $5.00 dollars a contract. Ten contracts would cost you $50.00. So what happened on Friday's opening? Here is what happened. More than a double! After checking the proof of it more than doubling below I am going to show you how Hertz Calls closed on Tuesday. Look at this unusual chart. It's the kind of chart which can jump upwards on the opening. It's now Friday morning. Remember the closing price yesterday on Hertz's next week out Call options? They closed at $.28. Here they are now! Ths time the chart told the story this could happen! One day opt...