Hey guys planning to buy AMD and MU options next week. I believe they still have alot of room to grow this year but I have a huge problem, I only have $3000 usd to play with and premiums are quite expensive. Am I better off doing weekly trades? I sure cant afford leaps unless they’re really far OTM.
Trying to get into AMD and MU
byu/Sad_Estimate_6342 inoptions
Posted by Sad_Estimate_6342
3 Comments
Call spreads instead of naked calls?
Don’t fall into the trap of going further and further OTM because they’re “cheaper”. Probably maybe 2-4 weeks out and if you can only afford a few contracts, just get a few contracts ATM or near to it.
You know you can buy fractional shares right? Or try a leveraged ETF like MUU. Real talk – you don’t have enough capital to buy options on these tickers responsibly. Yeah sure you can pick up something super far OTM but they’ll probably expire worthless unless you get a good pump and close them quickly.