What is the best strategy if you are seeking options on high volume stocks that are about to break out?
There is no “Best Strategy” when it comes to options. Many would say the outright purchase of a call option or a put option would be a trade that could turn out well, since it involves limited risk and substantial potential, however there is no guarantee that the stock will reach your strike price. Also, since options have a limited lifetime, the option could expire before the break out starts or finishes.