- Hunting for the SPY 10 Bagger 1000% profit the so called '10 Bagger'
Firstly I don't think the 10 bagger is as illusive as some people might think.
In January and February we had numerous trading opportunities and there were several 10 bagger sightings.
Looking at the charts and going arrow to arrow top to bottom and bottom to top we can see
5 possible 10 baggers with three potential 10 baggers.in February.
The ones we can see in February are:
Thursday the 4th to Monday the 8th a SPY PUT trade
SPY stock price movement 192.50 to 183 = $9.5 x delta .50 =$4.25 option value increase
Thursday the 11th to Wednesday the 17th a SPY CALL trade
SPY stock price movement 182 to 193 = $10 x delta .50 = $5.00 option value increase
Wednesday the 24th to Friday the 26th a SPY Call trade
SPY stock price movement 189 to 196 = $7 x delta .50 = $3.50 option value increase
This is the one we followed SPY 192.50 CALL bought at $.33
sold high of the day $4.27 3 days later for a 1000% profit in 3 days.
Have a look at the attached chart and you can see the beginning and the end of the 10 baggers
for January and February.
Although you don't know you are looking at a 10 bagger at the start but if you stay in the market you
be able to eventually will be able to catch some
Options involve risks and are not suitable for everyone. Option trading can be speculative in nature and carry substantial risk of loss. Only invest with risk capital.