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Message from discussion Google options up 17530%. could someone Explain this
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shaneland...@gmail.com  
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 More options Apr 18 2008, 5:37 pm
From: shaneland...@gmail.com
Date: Fri, 18 Apr 2008 14:37:42 -0700 (PDT)
Local: Fri, Apr 18 2008 5:37 pm
Subject: Re: Google options up 17530%. could someone Explain this
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I didn't know I could trade options in an IRA
DerekA...@gmail.com wrote:
> SMOKED!!!

> i bot 100 way otm apr 500 calls for .75 and sold them at 45.52!
> basically i risked $7.5k of my roth ira and turned it into a cool,
> untaxed $455k. huge speculation but made SIZE. any sane person
> would've hedged w/ short stock b/c of such large deltas, but i took a
> gamble. i wouldn't recommend this unless you feel like playing with
> some casino-like bets. if you really thought goog would move, you
> could've bought $25 atm straddles and made a hefty profit.


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