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re: Options Trading Thread

Posted on 10/26/22 at 10:00 pm to
Posted by Jag_Warrior
Virginia
Member since May 2015
4172 posts
Posted on 10/26/22 at 10:00 pm to
I know the feeling of wanting to get the optimal price. But OTM options have wild price swings, plus you have a lot of time value in there. I really don’t think you have a bad position there. It wouldn’t surprise me to see those go ITM well before your expiration. And even if they don’t go ITM, I can see that still being a profitable trade if IV expands and the stock rebounds a bit.
Posted by Pezzo
Member since Aug 2020
2006 posts
Posted on 10/27/22 at 5:19 am to
The main driver of me wanting it was the fact that the old drunk hag pelosi recently bought 20k shares of GOOG. So there has to be something coming down the pipe.

When I started watching the option it was 8.55 per contract. I watched it go over $10 and then figured I’d give it more time. Thankfully.

I don’t see GOOG going anywhere. All the bears love that the earnings missed, but google will be around a long time to come
This post was edited on 10/27/22 at 5:22 am
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