Bought 2 out of the money ORCL 18 March calls late Wednesday for .05 ($5) each + $3.00 in commissions , making a $13.00 bet that ORCL will release good earnings. So far so good in after hours. Unfortunately I could only affor the 18 calls so I'll most likely be able to make back what I paid, but we'll see how much I net. At the same time the Fed announced a huge treasury buying plan that stimulated a closing rally. Let's see if there will be some follow through and the market can break through a lot of its overhead resistance. Triple witching is coming Friday so we'll see what happens. The more I learn the less I try to to predict what could happen, and only try to control my risk level.
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