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Just my opinion before you all bite my

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Tbags7   Tuesday, 06/16/20 12:00:32 AM
Re: Robbinhood101 post# 316877
Post # of 322909 
Just my opinion before you all bite my head off: RH1010: If you are limited financially and are confident in a direction straight up like that, I would recommend you buy a debit call spread. Buy Aug 21 $340 strike calls for 1.86 apiece and sell to open $350 strike Aug 21 calls for .89 apiece against them. Your gain is capped at $10 per contract but you will only pay a little over a dollar per contract and your potential gain is about 1000%. So if you have $1,000 to invest you buy 10 of them and if you’re right you’re looking at turning that 1k into $10,000’ish

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