Thread: Side Hustle
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Old 06-20-2021 | 05:05 AM
  #831  
mispoken
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Joined: Feb 2011
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Originally Posted by jamesbond
ok... I am still working on coffee #1, but here's the thing. You talk about tying up $21,200 buying 100 shares. Unless you are trading options there is nothing that requires you to buy/sell 100 shares. Buy 10 at a time and dollar cost average. Or just buy $6100 worth. Your profit will actually be close to the same anyway when it all washes out and you don't have a time bomb ticking. (expiration) and, if they are underwater in jan 2023, you can still hold on to them until they come back.i guess the good news is if we get a president that wants to go to economic war with china, and baba tanks, you are only out $6100. Regardless of how you try to sell this, you are putting yourself behind at the start by that same $6100. The option has to increase by that amount for you to break even. That's a long way for the dy/dx. It very well might, but then again it might not.

I'm not trying to sell anyone on anything either. But what i will say is that it sounds like to me is that you are in love with this company and that is a dangerous thing. I would urge you to take a breath. Seriously.

I used to like to watch options action on cnbc every friday (not religiously, but occasionally). I was trying to understand all those complex spreads and condors and flying wallenda strategies that they were doing and after awhile i decided it was a lot of yoga for a little bit of money. And most of it was money paid out that was dependent on movement one way or the other. Jim cramer won't talk about options other than in one of his books he says doing what you do is 'ok'. (i disagree, obviously) this stuff is not rocket surgery. Making it more complicated than it is is unnecessary.

I hope it works out for you and that you have found a hundred bagger. If you did, that $6100 worth of stock will have been worth more than the option, but hey ya gotta dance with who brung ya.

Enjoyable discussion rather than the monkey **** throwing contests usually found here.
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