22nd Century Group Inc (XXII): Why go out so far at such a low strike ?...

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22nd Century Group Inc (XXII)

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Re: brooklyn13 post# 44589

Sunday, 09/23/2018 10:37:47 AM

Sunday, September 23, 2018 10:37:47 AM

Why go out so far at such a low strike ? Wouldn’t it be better to get a higher strike and more contracts ?
I’m no options expert. It’s why I’m trying to figure this play out . Seems like a straight out purchase of shares might be better in this case .
My thought process in options is that XXII will hit a home run , in time . Im holding my core position but would like to be positioned in case the SP does what we hope it will .
Thanks again for any input .

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