$bac huge disappointment, i bought calls but the timing was 2 weeks to early. lol i lost all my money on that one.

Price is moving nicely but the option call was exp this week. If it was 2 weeks more out id be up hundred of percents thanks to the recent moves. Oh well its ok.

You price bet can hit but if your picking short expiration with low time,you need price to move in your favor and you need to understand how it reacts. Ill give a example on this thread with this post

*key

Red circle i bought

Red X profit barely

Blue when i should of bought

I bought the bottom which was great but then we peaked and the options profit only went 20-40% which is not normal for a sick bottom catch. That was the first issue, second day at ask, my theta an values start decreasing heavy with clear signs of volume exiting.

Now if i had bought at the blue circle on a failure to go lower, this same play would of pay out over 500%

Consolidation for short term expiration is your ENEMY and forced you to kick up your risk management and you have to be strong with cutting losses or slow movers.