/biz/ - Business & Finance

>>9108833
>>9108815
Damn I thought I was a genius finding this little goldmine. I've only taken 40% profits from it so far so I got really confident and threw a good chunk on some more contracts. I'm too much of a pussy to bank on the tech stocks in this market right now since they're so volatile, but I still feel mostly bullish.

Alright how about this strategy. I'm making some bullish speculations that this stock will keep mooning for weeks to come. It's currently trading at $86.80, so I'm buying a bit OTM at $90. Once it hits 90$ I can expect to sell the contract to someone else with fairly low spread (0.50 cents in a $4.00 contract) and take large profits. Is this a naive way of approaching options? Thanks sandpais