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fung_derf

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Re: fung_derf post# 3856

Tuesday, 05/19/2020 10:56:00 AM

Tuesday, May 19, 2020 10:56:00 AM

Post# of 4875
I'm sticking by this....

fung_derf
Friday, 05/15/20 10:04:42 AM
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Post # of 3874

I will feel pretty confident buying puts next week when the stock price is around $80.
Why not buy a few calls right now then? What a clever question you ask! The answer is no reason not to, other than I don't have time to watch them today.
I will be fairly surprised if the stock price doesn't end up back around $71 or lower within the month.



Now the question becomes, what will happen when the stock hits $71? If it goes below $68.50, will you wish you hadn't bought it?
I'll consider a small position, or writing a few puts around $71.50.

Buy on the way up!!! Just my opinion, of course.

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