Hey, deep state! WE'RE STANDING RIGHT BEHIND YOU. Nothing can stop DWAC!
(media.greatawakening.win)
🤡 DWAC IN DC 😱
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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.