Synaptogenix Inc (SNPX)

[Whatsupp]

There is two plays you can make. You can sell call options to lower your risk, but you are them giving up potential upside. ie if you sold the May 30 against your stock you would get $3.50 now ie lowering your PPS, but if the stock was over $30 on May 19 you would either have to sell your stock for $30 or buy back the option.

You can buy puts, it is like buying insurance, ie if you buy the May 20 put for $9.40 (there have been 49 contracts bought today) then if the stock goes down, you can sell your stock for $20. ie if it goes to 0 you net $11.40 for your existing stock. That would be a defensive move but keeps your unlimited upside in place.