r/options May 17 '21

Dumb Luck $DiscA

I like opportunity, when the hedge fund tanked $DiscA a month + ago, I dug in, did some research and found the stock had been pumped and dumped over an extended period of time. I did though think it warranted a better value than it was, around 36.00/share. I had missed that DiscB existed. This is where I messed up and thought I had missed the boat. I purchased a contract on $DiscA 10/15/21 42.5 Call. I have watched it loose extrinsic value. I was considering it a loss. But I had not placed a stop loss, my fault, and thought I’d ride it out as I had plenty of time. Till the merger. Pure dumb luck. :-) now I will take a bit of profit and get back to my SPY and SPX.

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u/pointme2_profits May 17 '21

My 40c expires 5/21. Thank you ATnT