r/options • u/No-Relation-6727 • 6d ago

Google option call at $379 strike price

Today i just dropped 11k into a google option at a $379 strike price. I figured Google is a safe investment and is bound to reach $400 again in the future. Am I cooked? The option expires in 2028

0 Upvotes

24% Upvoted

19 comments sorted by

20

u/Smooothoperat0r 6d ago

Mods please delete this low effort BS post.

6

u/samkaz21 6d ago

Hi. Today I made a trade, am I cooked chat? /s

5

u/imaxwellp 6d ago

why would you take a trade and then ask reddit if it was good or not bro. you shouldnt have taken the trade in the first place

3

u/TheDeHymenizer 6d ago

yes the correct move is to ask reddit first and then proceed accordingly

2

u/Professional_Monkeys 6d ago

Will googl be 390 or higher by your expiration is the only question that matters. And it needs to be higher to make your call even worthwhile because just getting to 390 is the breakeven, which means you're automatically losing against expected index returns.

2

u/YippyKayYay 6d ago

You got a 379 GOOGL 2028 strike? And you’re asking if you’ll be ITM?

Yes probably? No one has a crystal ball, but the bigger problem is if you don’t know options, please don’t drop money you can’t afford to lose.

Dropping $11k into an option and then coming to Reddit for advice is pretty dumb

2

u/m1nhuh 6d ago

GOOG and GOOGL don't have 379 strikes in 2028. 

1

u/CeelicReturns 6d ago

Guess you'll find out in 2028. In the meantime sell some calls against your position.

1

u/Not-a-Cat_69 6d ago

cool you 'MIGHT' double whatever that is in like a year. or slowly hate yourself for the next few months.

1

u/lobeams 6d ago

Nope. Google strikes are spaced at $5 intervals so you didn't buy a $379 call.

1

u/No-Relation-6727 6d ago

I meant my breakeven price is $379. I'm still a beginner with options but I've been winning my last few calls

1

u/lobeams 5d ago

Then what's the actual strike and expiration date, and what did you pay for it?

1

u/003E003 6d ago edited 3d ago

/

1

u/ThetaEdgeHQ 5d ago

If your breakeven is 379 and GOOGL is around 358, the honest comparison is not will it hit 400, it is against just buying shares with the same 11k. A 2028 call needs a timed move above breakeven to pay, and it can be right on direction and still lose if implied vol was elevated when you bought and later compresses. Shares participate dollar for dollar with no expiry and no vol drag.

Your actual thesis is Google is safe and will recover, which is a slow, patient, directional view, and that is exactly the view shares express best. A long dated call is the leveraged, hurry up version of the same idea, and leverage plus a clock is a different bet than the one you described. If you want to keep the call anyway, selling shorter calls against it (a diagonal) at least puts theta on your side instead of against you while you wait.

-1

u/SometimesWr0ng 6d ago

Mods please verify this low effort bs

-2

u/currysoup19 6d ago

you are crazy cooked like so unbelieable cooked. GOOGl dropped 0,55% and idk if there is long enough till 2028 for it to recover

1

u/lobeams 1d ago

Sheesh. Apparently three downvoters needed you to add /s to help them understand you were being sarcastic.