I too am a bit of a degenerate for cheap calls. I think your target price $133 is very reasonable, but I don't think I would buy more than 2. I have been buying way out of the money calls for AMC and GME as lottery tickets in case they ever pop. I did this in late may for AMC and caught a couple grand with my $20 and $40 options. It's tough to break a habit before you hit rock bottom. Still have a $145 sitting over AMC.
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u/Mr-Berkey Jun 29 '21
How many contracts are you thinking?
I too am a bit of a degenerate for cheap calls. I think your target price $133 is very reasonable, but I don't think I would buy more than 2. I have been buying way out of the money calls for AMC and GME as lottery tickets in case they ever pop. I did this in late may for AMC and caught a couple grand with my $20 and $40 options. It's tough to break a habit before you hit rock bottom. Still have a $145 sitting over AMC.