Which is why he should have bought $5.00 Decemeber

Which is why he should have bought $5.00 Decemeber calls when the stock was at $2.50...not $6.00 calls a few months out when the stock is at $8 today right before a material event???!!!! Look at GALE for example...they just completed a successful PO for Phase 3 trails...I'm seriously considering buying some April calls...the proble with GALE is that there is no news other than the Phase 3 trial start and time frame and analysts predicting targets...so anything negative and the stock will tank and then there wont be anyone BIDDING for me to dump my calls for that minimum loss you speak of...they will end up expiring worthless and I lose it all. But if the stock conitnues going up like i think it will...getting some out of the money April calls NOW make sense. Plus when you follow any particular person however successful they are you never duplicate their trade...ever. Trust your own gut and pull the trigger when you tell yourself not when others do is the way to go IMO