Jackpot bets use options that are expiring in mere hours to gain extraordinary leverage. They are designed to take advantage of the anomalous pricing that sometimes occurs when supply briefly overwhelms demand for a particular option. Explicit instructions for the jackpot bets are shared in the Rick’s Picks chat room each Friday before the opening bell.
March 18th 2022
This being a Friday, I can report several more very lovely ‘Jackpot Bet’ this morning that originated in the Rick’s Picks chat room.. One subscriber reported making about $20,000 in 20 minutes (!!) using NVDA calls. That was based on the suggestion of another subscriber who liked the stock for this type of bet.
My ‘Jackpot’ picks were Facebook and Microsoft. A rally in the latter just after the opening easily doubled the 0.43 many subscribers paid for the 295 calls. They’ve traded as high as 0.99 so far today. FB calls performed even better, but I ran out of time to post detailed trading guidance ahead of the opening bell. The guy who made $20k on NVDA also reported buying 100 of the MSFT 295 calls for 0.79 and selling them for 1.45. That would have produced a profit of $6,600 on top of his $20k.
Needless to say, there are many happy campers in the chat room this morning, especially since we’ve had winning Jackpot bets every Friday since I reintroduced this crowd-pleaser three weeks ago.
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March 11th 2022
Sensational Friday Jackpot Bet – Explicit instructions from the chat room. Okay, for jackpotting purposes I’m going to punch AAPL once at the $2 window. The stock has shown poor relative strength, and today’s impending, moderately bullish opening will give AAPL’s scummy handlers a chance to mark it up moderately for distribution. A price of $160 would reasonably estimate their potential, so we want to be buying puts if and when the stock gets there. Hence, I will do a price check of puts that will be even more out of the money, and with less time left on them, once the opening has occurred. Eyeballing/imagining a plunge thereafter takes me to, oh, the 157 strike. quadrupled in price after he’d bought them on the opening, a penny off their low.