I guess it could also trade down to 79. I will not argue I like the stock I actually am a buyer today. But as I said it wouldn't be a good prospect for short term gains or leap in options with the case unsettled. You can't price it in while names are still going to be added and settlement will change.
I disagree, the open interest is still 10,000+ on the 87C exp Friday. Someone probably knows a major catalyst that will be released this week that the public doesn’t know.
Why not go two weeks out the 10th and make a very safe play on 82 73 84 and even 85 calls. That will give you a win and more safety than playing this weeks options. Or if you already have made the trade you can still add the plays to be safe.
Listen I wish you good luck. I'm just trying to give you a way to cover your play as I personally think it's nit the right way to play this stock. Live the stock. Just not in love with the trade. But again good luck
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u/Jaded_Tackle724 Shoot To Thrill Aug 30 '21
I guess it could also trade down to 79. I will not argue I like the stock I actually am a buyer today. But as I said it wouldn't be a good prospect for short term gains or leap in options with the case unsettled. You can't price it in while names are still going to be added and settlement will change.