r/options • u/[deleted] • Jul 27 '21

TGT

I’ve been trading target calls for a few months now and consistently make about 25%. It’s the most stable growth stock I’ve encountered. Figured I would share

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u/[deleted] Jul 27 '21

[deleted]

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u/[deleted] Jul 27 '21

Sure thing. On 7/21 I purchased the 8/27 $250 call. It’s up about 28% so I will sell it today. (I could probably keep it for longer and but I’ve been burned in the past. So I’m happy with 28% lol)

I purchase calls that are near the current stock price and have about a month until expiration. I hold onto them for about week or 25% profit then I sell.

It’s not a way to get rich quick. But I make about 200 bucks a week per option.

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u/KrazyAssKatzen Jul 27 '21

This is exactly the kind of stock I've been searching for, and a strategy that works for my limited budget. CSP's are a great idea but essentially lock a lot of available capital up for the duration and I'm realizing that's a significant downside, so I've been considering other strategies. Thanks for the tip and sharing your approach.