/biz/ - Business & Finance

WHAT THE FUCK WAS THAT

legit question as I'm in new territory with GME:

I've got 8X JAN15 15 calls @ .67 and 7X JAN15 18 calls @ 1.19.
total position size is 5771, from 1500 or so.

I really do believe the MEME. Looking to roll some calls UP and OUT and take 1000 or out.

optionsprofitcalc says if I believe in 50 by JAN then:

Long Call: Buy 28x 15th Jan 2021 $27.00 Call @ $1.61
Entry cost: $4,494.00 (debit)
Maximum risk: $4,494.00
Est. return1 at target price: $59,906.00 (1333%)

Current position return @ "price target" would be $48281.00 (3527%).

Does it make sense to roll up and out? I don't know anything about going to 50, but I do think it will run up from here. help a coomer out smg frens