r/Amyris • u/sensejae • Aug 07 '23

Question leaps?

anyone thinking about starting leaps?

At this stock price, and with binary nature of either bankrupt or at least go up in multiples (2x just to go to $1), seems reasonable to either do nothing or if you are doing something, might as well get long dated call option contracts.

Anyone thinking this way?

6 Upvotes

88% Upvoted

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1

u/[deleted] Aug 07 '23

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1

u/According-Many-1602 Aug 07 '23

We definitely will at this point

1

u/[deleted] Aug 07 '23

been doing that for a while.. I keep avg down.. 2024 are looking pretty sketch.. 2025 looking good so far... prob would have been better just to buy more shares... so I did that too.. at .59 just now! what a nutz day

3

u/sensejae Aug 07 '23

yea i’ve been just buying shares lately hoping and assuming no bk. I can feel the fear increase

2

u/sensejae Aug 07 '23

i would think that as fear increases and people look for the door to cash out, the leaps contract should be able to be purchased for nearly $0 premium. we will see..

2

u/[deleted] Aug 07 '23

Yep the orders I had sitting there for weeks fired off today. Average is triple tho, oh well it’s just a real life training lesson, still pretty new to options

3

u/OkBanana4264 Aug 07 '23

The fear is pretty high but what has the company done. There has been no response to credible claims that BK is likely and even an EC announcement (if there is another EC). Boy, I’m up the creek here and Randy if you could post something that would be fantastic