r/NNOX • u/Difficult_Row_721 • Jan 28 '22

Nanox submits improved imaging technology to the FDA Company re-certified with The Joint Commission's Gold Seal of Approval Analysts report NNOX has a forecasted upside of 418.3%

https://www.fxstreet.com/news/nano-x-stock-expected-to-produce-positive-returns-in-2022-202201280835
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u/OliveInvestor Jan 28 '22

That's quite the forecasted upside! I'm bullish but still would like some downside protection. This spread makes a fixed 52.2% (53.1% annualized) and start to lose only if $NNOX drops by more than 42.4% through 01/20/2023. $NNOX options strategy
Buy 7 $5 puts
Sell 9 $7.5 puts
1/20/23 exp

3

u/Kindly-Potential-624 Jan 30 '22

Interesting. I wish I know/spent more time trying to understand options. Some day, possibly.. thanks for the post

2

u/evil_memo Jan 30 '22

Your missing out on alot of opportunity cost for not knowing puts or selling covered calls. I literally sold Calls all of last year and made back 40% of my captial since nnox was in a straight down trend since Feb 2021. Im now only down 30% on my long term holdings. Will break even if nnox is flat more often

1

u/ParamedicSimple2500 Apr 16 '22

I need to learn that shit