Traders Playground

Buying Swing: buying PALM 7 calls at .21 area OVERSIZED. On my formulas I see a point of strong bounce relevance. Now catching a falling knife is always high risk but with this stock that i was bearish since 18s has now reached greatly oversold levels. The formula is on the verge and has not yet cleared but I see a strong possibility of a gap up a strong one passed 7s monday and then from there a multiday swing that could easily bring abut 400% or more gains on these calls. Today earlier we accumulated a oversized stock stake at 6.31, am not ready to double down yet on that position for there is a risk of a gap down monday where the calls would be wiped away. If we get a fall then would double down stock but here now I feel the upside potential to great not to attempt a options bullish position to compliment to already aggressive stock stake. good luck one and all.