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29YEARINVESTOR

11/27/16 11:19 AM

#85262 RE: threefoot #85258

Lets say it only reaches $6.75 You would make nothing on top of losing 10 cents a share and the guy that bought the stock for 50 cents would make $6.25 a share and the guy that bought the $1 option would make $5.75 a share.
You can buy the april $1 call options for 15 cent a share and the Jan. 20th $1 call for 5 cent.
If you are not going to buy the stock out right, I think your best bet would be the April $1 call for 15 cents.
We should Know Something by Jan. but Surely by April.
I Still think the best strategy is to buy the stock below 50 cents and sell 25 to 50% every time it runs up 10 to 15 cents and use that 10 to 15 cents profit to buy options with. If the stock drops below 50 cents buy those Extra shares back and repeat every time it runs up 10 to 15 cents. That way your Options have been purchased with Profit so they are Basically free.