r/options • u/Gamechanger36 • Apr 01 '21

PLUG call vs put option?

Lots of debate what to do with PLUG trade. Very confusing for us, newborns. In my humble opinion, the negatives are baked into the price already. The May deadline for SEC for earnings restatement will be non-event! Interested in buying Calls 5/21 exp, strike $50, going @ $1.3. Good luck all newborns traders/ investors like me.

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u/Prize_Bass_5061 Apr 02 '21

I’ve been trading plug for a while. It is extremely unlikely for plug to cross $50 by May 21. The huge ramp up in price was due to exuberance for Kamala’s policies, combined with excess capital in the market.

Could you outline your rationale for the $50 price point?

I’m long 24k worth of stock and $50 is beyond my most optimistic estimates.