My play for this week.....MO
MO (Altria) has a huge court ruling coming on Thursday. Some analysts think it may run 10% if the appeal is won by MO. Its $72.50 now, the December 75 calls are .35 or so now. Worth the risk of $350 for 10 calls for a possible large run on the court ruling. Also, you can straddle and get the Dec 70 Puts too for .40. Total would be .70-.75 for the options, stock could run large either way this week. They expire on Friday.
Im a Day trader for a living, specialize in options....
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