Cycle Trading

[Duma]

If I had been buying options, I probably would have done a Jan21 90/100c spread. The long option (90) is just barely OTM, so the odds of full gain I think would be much higher. Cost would be 4.15, which means each option could gain $585. Not as much are your option, but probability is much higher.

The trade off of course is that for $1000 investment, I would only do about 2 options vs your assumed 10. So in the end what you are doing, I think would have the potential for more profit.

I will track both and we will see what happens.

Good exercise.