UNO Wild Card
OneDirection
OP
:
When he did his call options he set strike price of $20 which means if price falls below $20, the money RK spent on the call options money is all gone. We need to push price up now!
GangGreenMf
OneDirection
OP
:
Doesn’t matter it it’s $20 or not . You buy a call option when you think something gonna hit a certain price by a certain time frame . Depending on ITM or OTM you’ll roll your position or execute it to then buy 100shares per contract for your strike price . In his case it’s 20per share . It’s above 20 so he could sell for profit or execute his options and have shares at 20 while it’s going to 160 ya see lol but I’m sure someone else could explain it more in depth I’m still learning about options myself but I get the jist
i bit the coin 12
GangGreenMf
:
Thanks for that , I’m really trying to understand how , when or if RK makes money . So does he have to make his play by 21/6 . If not what are the scenarios?
UNO Wild Card : I guess you dont know how call option works?
As long as its above $24 and above, he will profit from exercising the options
OneDirection OP UNO Wild Card : Thanks. But this stock has to hit strike rate 20 right to activate that option to buy?
GangGreenMf OneDirection OP : No he can execute it to purchase the underlying stock anytime
Thy GoD : he can execute it even if it's OTM, but there wouldn't be a point in doing so
OneDirection OP GangGreenMf : Because it had hit 20 earlier? I thought there are some strike price conditions
UNO Wild Card OneDirection OP : When he did his call options he set strike price of $20 which means if price falls below $20, the money RK spent on the call options money is all gone. We need to push price up now!
GangGreenMf OneDirection OP : Doesn’t matter it it’s $20 or not . You buy a call option when you think something gonna hit a certain price by a certain time frame . Depending on ITM or OTM you’ll roll your position or execute it to then buy 100shares per contract for your strike price . In his case it’s 20per share . It’s above 20 so he could sell for profit or execute his options and have shares at 20 while it’s going to 160 ya see
lol but I’m sure someone else could explain it more in depth I’m still learning about options myself but I get the jist
OneDirection OP UNO Wild Card : I see. Got it. Thanks buddy
OneDirection OP GangGreenMf : Awesome.. let’s hope it will fly high soon
i bit the coin 12 GangGreenMf : Thanks for that , I’m really trying to understand how , when or if RK makes money . So does he have to make his play by 21/6 . If not what are the scenarios?
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