RoaringKitty implying to HODL through the storm - X post
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He sold the options and bought more shares.
He may have sold some and exercised the rest. The math works out either way.
I almost dumped my 7 calls today and bought shares. But I said fuk it and held them.
It allows you to buy 100 share in the future at the strike price of the call,or take the cash difference if you are beyond the strike price. It gives you a lot of leverage on your money,but it comes with higher risk. All calls expire at a set time,the shorter calls cost less money, but they lose value very fast as the expiration date comes closer.
Annual meeting now on the 17.