Our Feb 2 30 calls tripled in value with yesterday’s surge in S&P 500 volatility. In this case persistence paid off, since we stuck with the position even though a key support at 26.52 had been violated. The breach was small, however, and our calls, purchased by most subscribers for 0.36 or less, still had a couple of weeks left on them. We were also able to ‘double out’ on half the position last week, reducing the dollar risk of any calls still held to zero.  Since we’re all in the comfort zone now, I’ll recommend scaling out of the remaining calls as you please.  Officially, I’ll offer a single contract that remains for 1.09, the target of the pattern shown in the inset. If you have three or more left, I’d recommend keeping at least one until later in the week for a swing at the fences — i.e., a profit ten times the $36 we paid. ______ UPDATE (Jan 30, 11:00 a.m.): The calls opened for 1.38, allowing an exit for nearly four times the original price. The realized gain was $133, based on an original position of two contracts  The calls have since traded as high as 2.34, with subscribers reporting commensurate gains. Some evidently are holding ‘a few’ calls for that swing at the fences. ______ UPDATE (Jan  31, 5:26 p.m.): Any calls remaining are a  longshot bet at this point. Even so, I’d suggest holding one or two until they expire on Friday. ______
UPDATE (Feb 3, 1:10 p.m.): The calls that subscribers bought for 0.36 ten days earlier could have been cashed out for more than ten times that if held till the final bell on Friday. The broad sell-off pushed them as high as 3.80 intraday.