Trade of the Day (FST) 9.13.2012

Chart emini Stocks TradingTrade:  Buying the FST Oct 10 Calls for $.20

Risk: $20 per 1 lot

Reward: Unlimited

Notes:  Good risk vs Reward, but need a Parabolic move higher.

UPDATE 9.16.2012  With the stock moving higher, these Calls are exploding to the upside.  These Calls are now $.60 good for a terrible.

UPDATE 9.21.2012  I took high off at a double and now the Calls are worth $.25 and I will leave the rest on until Expiration, playing with the house’s money.