Yes, this a forex forum, but I don't use any other financial forums, so hopefully this one can slide under the radar.
Last week, my uncle clued me into Ford, trading at 1.50.... and what did Obama say? "we can't let the auto industry fail." Sound like a bailout in the making?
In fact, Ford is trading above 2 dollars now, with anticipation of a bailout.
The very high risk / high reward trade is to buy CALL options on Ford (I will probably use 4 month options, to avoid time decay.)
Anyone not well versed in options should take a crash course in it.... it gives you very high leverage, much like forex. For example, the contract you buy might have 15:1 leverage or higher.
It is very risky business, but a smart trade can reap huge results.
Last week, my uncle clued me into Ford, trading at 1.50.... and what did Obama say? "we can't let the auto industry fail." Sound like a bailout in the making?
In fact, Ford is trading above 2 dollars now, with anticipation of a bailout.
The very high risk / high reward trade is to buy CALL options on Ford (I will probably use 4 month options, to avoid time decay.)
Anyone not well versed in options should take a crash course in it.... it gives you very high leverage, much like forex. For example, the contract you buy might have 15:1 leverage or higher.
It is very risky business, but a smart trade can reap huge results.