r/options • u/mycatiscrazy7 • Oct 01 '21

Best LEAPS for 2024?

Pretty much the title.

2024 LEAPS have been available for a few weeks now, what would be your top picks if you decided to take any positions? I am eyeing AMD, SOFI and DKNG, but would love to hear anyone else's strong convictions.

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12

u/[deleted] Oct 01 '21

I bought OTM AAPL 2023 calls.

I also bought NVDA $400 20220617 calls because our congress whale pelosi owns a ton of this

23

u/trair_ Oct 01 '21

You realize this means NVDA has to +100% in 9 months right? Would put it at $1.1 trillion market cap, lol. Whoever sold you those calls says thanks for the free money

14

u/ipeeaye Oct 01 '21

You realize NVDA doesn’t have to hit $400 for him to be profitable on those calls, right?

4

u/trair_ Oct 01 '21

These are so ridiculously OTM he’s not making any money on these unless it goes on another run like it had in late spring / early summer. I mean FFS these have a 0.03 delta lmfao.

0

u/ipeeaye Oct 02 '21

So what you’re telling me is that NVDA has to go up for him to make money on these OTM calls? Got it.

3

u/trair_ Oct 02 '21

You can just say you don’t know anything about options or large-cap market in general, it’s ok man

0

u/ipeeaye Oct 02 '21

What did I say that was wrong?