Love to hear your thoughts:
Bought 3$ calls for .54, sold 4.50 calls for 0.30, all expiring in 2 days. Current stock price 3.40. As long as it stays about 3.24 I'm in the money, and there's also a pretty big upside if it keeps jumping with the meme stocks.
I took a similar position to NIO and SOFI… but with less hope. Somehow I feel like this BB play is going to work out for me.
Posted by MDJeffA
3 Comments
I’m riding on BB calls too. Hoping it gets to $5-8 EOW.
I also bought BB calls. Let’s go!
Very short expiration. Although I get what you’re hoping for. I was eyeing the 5/31 expiration spreads. Even though I don’t get as much exposure to short term ups and downs, I am still more leveraged than just buying shares.
Either way I much prefer your position to just buying long calls like most others seem to do, especially when at this position whereyou’re theta positive at this price.