Rocket Lab USA Inc (RKLB)

[timberwolf7]

grabbed a few of the 5/15 $119 PUTs for $11.40 with the share price having
run up to $111.4 or so (it then peaked for the moment over $112)

With the price now at $110, I am 'breakeven' on the PUTs at $11.40..

There is something called MAX PAIN which has to do with option loading, and the
premise that the share price will find its way to a price point that wipes out as much
option value as it can without costing the option sellers a lot of pain to do so.
For this Fridays close, as of this morn, the MAX PAIN price was around $83/sh.
A 'good' closing price based on this MORNS option loading come Friday would be around
$100/sh which would give me about $800/contract in gains...

But if I get a dip and see $300/contract in gains? I will be tempted to take it..

And as a disclaimer: is the run over? Did RKLB see the peak price? Won't know till
after I sell out how it will play out cause momentum can be your friend or your enemy in
a hurry.