In recent weeks, I’ve revived the ‘Friday Jackpot Bet,’  a hyperleveraged trade using put and call options on some of the high-flying stocks such as AMZN and GOOG. It turns out that the same tactic works nearly as well on other days of the week, and so we took the plunge on Wednesday, buying GOOG Apr 13 820 puts for prices ranging from 0.35 to 0.90. Because the puts subsequently rose to 0.85 after they’d traded as low as 0.30, some subscribers were able to double out, taking profits on half of their positions. That means they will begin Thursday with put options that have effectively cost them nothing and which could double, quadruple or even octuple in price. In fact, if GOOG were to fall on Thursday by as much as it did on any of three days in the past week, the puts, which closed at 0.60, would rise to 4.00 or more. Whatever the case, I have established a tracking position of four puts @ 0.95, the worst price reported by any subscriber who bought them. You should offer half of them to close for 1.90 (or twice whatever you paid), then manage the rest, which at that point will have cost you nothing, in any way you choose. I’ll further suggest holding a small fraction of your original position until just before the close, on the off chance the week ends with a nasty selloff. If this is how things play out, ‘nasty’ will never have seemed so pleasurable. _______ UPDATE (Apr 16) The puts died in the stretch when GOOG’s handlers locked the stock into an extremely tight range for the entire session.  Some subscribers reported coming away with a small profit because the stock feinted lower on the opening bar, but officially I’ll score it as a $380 loss.