### Comment:
Usually during the dip on Thursdays, I pick up some calls for the coming week. Somewhere between $3 and $4 higher than its current price

### REPLY:
Based from my experience playing weeklies.  Two strikes is roughly the max I will go out, and I have to expect a big move in my direction.  I basically play them like ERs and calculate what I think the move will be and then go about halfway from the money to my target.  Pretty much playing for intrinsic value to avoid too much of extrinsic contraction.

### END.