The 24.50 strike price call option expiring Dec 4th, 2020 was trading for .75 this Friday.
So total for 1 option is $75 + commision fees which is not outrageous, and the max risk would be $75 over a 3 week trade, so I am still considering them.
If it opens at a gap down or goes down on Monday, I will wait for it to perhaps go closer to resistance or essentially get the best price I can for that call. The most I am willing to go in for is $1.00 for the call.
This is for personal reference, trading options is really risky.
So total for 1 option is $75 + commision fees which is not outrageous, and the max risk would be $75 over a 3 week trade, so I am still considering them.
If it opens at a gap down or goes down on Monday, I will wait for it to perhaps go closer to resistance or essentially get the best price I can for that call. The most I am willing to go in for is $1.00 for the call.
This is for personal reference, trading options is really risky.
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This trade has been profitable so far I am up about 180% on my calls. Its got so much support at this point and I am thinking of holding till first few days in December. This may actually break above all time highs because almost all the other stocks in the sector did so last week. It can be argued that this one is a lagger.
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I took profits, Up some 300% on this trade. Beautiful execution but I did meet my Risk/reward and exceeded it in fact.
Next trade would be a longer term option on the break out above 31.22 and conditions of bullish sector/market for continuation play.
Next trade would be a longer term option on the break out above 31.22 and conditions of bullish sector/market for continuation play.