Banking with Planning
My original thesis of 403.70 would hold for more consolidation was wrong, so when that level broke on volume, I started Planning.

List of Steps to Plan the 1000% gain trade
Step 1
Identify where might it go.... Using the levels from Daily Market Edge (our watchlist), we target $398.50 (the lower blue line)
Step 2
Select a contract. We chose 401 since if it gets to $398.50, the contracts will be worth $2.50
Step 3
Where do I enter? I planned that $403.70 level will be retested before going lower and if it gets there the option price would hit $0.20. (from experience and charting the option contract)
Ask yourself, are you willing to risk 0.20 or 100% for $2.00+ gain if right?
If YES: then place the order to fill at 0.20, If $1000 bet. buy 50 contracts.
Exit Strategies:
Ok so now that we are in, there are many exit strategies one can take. I'll share two.
Strategy : All or Nothing
Place sell orders at $2.20-$2.50. The contracts will either hit target price or you lose the $1000. At 2.20-2.50, the profit will be $10,000-$11,000 using $1000 in capital.
Strategy : Risk Free and then Ride to Target
Place sell orders at $0.80 and $2.20-$2.50.
Sell 20 contracts at 0.80 to lock in $1200 profit, and make the trade risk free( even if goes to 0, walk away with $600 profit). Place order to sell at 2.20-2.50 on the remaining contracts -- the profit will be $7200+ using $1000 in capital.
(I prefer this strategy because the trade is stress free and you can let it work.

SPECTRE
I suck at looking at candles and profit and loss and often end up exiting too soon. So depending on the idea, the best thing I can do is place stop and profit orders and then walk away. LITERALLY WALK AWAY. Go watch a movie, do anything but screw up my trade plan.