/biz/ - Business & Finance

>>50520164
It has a pretty small chance of mooning but it still has a chance. Better than fucking uranium anyway. So a LEAP would be the perfect vehicle to take advantage of this possibility. Pic related. You can buy a March 2023 dte $7.5C for $600 with a breakeven at $13.58 I believe. So for $600 I have the right to buy 100 shares of this thing for $7.50 no matter how high this goes. And in a couple months if this still hasn't blown up you close the position for a loss and move on. But you have less exposure should it dump which is pretty common for biomemes and you're locking up half the required capital for the same exposure. If you don't understand options just ask questions. Many people refuse to look at them because they've heard the bullshit that they're dangerous