Friday’s ‘jackpot trade’ using expiring options produced the most successful bets to date. Although in the last several weeks subscribers reported breaking even or making a few bucks on puts and calls bought just hours before they expired, this time put options in AMZN that could have been acquired for as little as 0.33 went to 5.50 intraday. Since numerous subscribers reported actually doing the trade, as well as another high-leverage one in NFLX, I’ve asked for more-detailed reports in the chat room. If any such positions were rolled to the August 16 expiration, I will establish tracking positions for your further guidance. If you don’t subscribe but want to verify the time-stamped details of these trades for yourself, I invite you to take a free, two-week trial subscription to Rick’s Picks by clicking here.
