Good enough for a screenshot good enough to exit, however I exited $mu too early so I'll be holding this one till next year.
https://i.redd.it/44g6ybtx550h1.jpeg
Posted by bajagfjdlbkaoa
4 Comments
Bagholder147 on
Diamond balls Z
Alive_Exercise_1228 on
diamond hands
Rosella2562 on
Just a suggestion, not financial advice as I paper-hand all of my positions too early 😂🙃 I understand having conviction in AMD and wanting to stay long.
But from a technical perspective, since this option is already deep in the money and has a high delta/lower diminishing returns after this point (already has intrinsic value, but less extrinsic value), it could be a better idea to sell this call, realise the profits, and use some of the capital to buy cheaper out-of-the-money calls with higher gamma that will grow exponentially as the stock moves closer to your strike.
4 Comments
Diamond balls Z
diamond hands
Just a suggestion, not financial advice as I paper-hand all of my positions too early 😂🙃 I understand having conviction in AMD and wanting to stay long.
But from a technical perspective, since this option is already deep in the money and has a high delta/lower diminishing returns after this point (already has intrinsic value, but less extrinsic value), it could be a better idea to sell this call, realise the profits, and use some of the capital to buy cheaper out-of-the-money calls with higher gamma that will grow exponentially as the stock moves closer to your strike.
Either way, congrats and best of luck! 🥳🙌🏻
https://preview.redd.it/sysl28gd850h1.jpeg?width=1320&format=pjpg&auto=webp&s=2d1e2e0dde34caecbcc872fc0a3e21422e7e739d
My man