Hey, deep state! WE'RE STANDING RIGHT BEHIND YOU. Nothing can stop DWAC!
(media.greatawakening.win)
🤡 DWAC IN DC 😱
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (84)
sorted by:
I use TD Ameritrade. Both 2023 and 2024 were available. I did 2024 because the stock will still be growing fast through 2023.
Appreciate the quick reply…how does one determine the strike price (not sure if I have the right terminology there) for that projected date and how does the profit work compared to normal options trading? Sorry for all the questions, just a smooth brain ape trying to gain some knowledge. Appreciate ya
The strike price is determined by the seller, but all you should worry about is what you think that price will be. I chose $105 by January 2024 because I knew I would be in the money (ITM) quickly. The penalty for that is a higher premium (what you pay for the option up front). The premium is determined by other factors too.
A leap option just means a long term call option. There's generally less risk and more upside to a leap, but you're paying a higher premium.
A warning about options: It's high risk. I've lost a lot of money being too confident a stock would hit a certain price by a certain date. All indicators and charts can tell you it's a safe play, and the stock will still do something unexpected. It's good to diversify options instead of go all in on one. Though DWAC is a safer play than most.
You sir are a rockstar and appreciate the insight and your patience in explaining it to me.