Good.
The stock has been so volatile. But by 2028 a lot will change, we’ll see how profitable the entity is, etc. It will stabilize at some point. What happens if Trump wins? Will he even be a factor in the company during his term? Would he even be allowed to post there “exclusively”?
Yeah leaps can be pricy but you’re sitting on about $38 in profit right now as of today.
So if your concern is leaving upside on the table, you can get the best of all worlds. Take some profits and keep a stake if there is upside. If it goes to $70 you still made some and also pocketed the premium.
Generally when I traded options, I bought in the money. Less Delta premium the deeper in the money, but without looking at this stock I suspect because it has been so volatile there is a premium on either side of the options. When premium is high, maybe better to look at opportunities sell the premium.
Good points.
I bought the warrants at $16, plus the $11.50 per share so I’m in at $27.50 - still a good profit.