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Re: Google options up 17530%. could someone Explain this

shaneland...@gmail.com

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.