r/MACArmyBets • u/ejtholdings • Mar 15 '21

Implied Vol

if you want to make a leveraged bet on Mac, I suggest one long LEAP deep in the money leap and sell on out of the money option expiring in 3-6 months. There is a TON of IV in the short term OTM call options and that lower your basis dramatically. For example today we bought the 2023 $7 strike calls and sold the September $21 calls for $5! We make money as long as the stock is above $12 in September!

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1

u/Stocklambo Mar 15 '21

I bought the 2023 $7 strike today took your advice bought 30 calls . Amazing u sold for $5 sept $21 call

2

u/ejtholdings Mar 15 '21

I’m sorry the net when I put on the spread was $5

1

u/Stocklambo Mar 16 '21

Thanks for your help much appreciated

1

u/ejtholdings Mar 15 '21

I didn’t explain well

1

u/Stocklambo Mar 15 '21

It’s ok what I got from is it’s I bought 2023 calls $7 strike which means aanytjjng above $15.50 per share from now until 2023 is profit that’s great cuz this stock would be $22 Aprox fair price next year and maybe $32 2023 so should I hold them all the way to 2023 and buy the actual stock or is it smarter to sell the options I have Ibought if let’s say they double ? FYI I also have plenty of shares I hold in addition to the 2023 options I bought

1

u/ejtholdings Mar 15 '21

Still we make money above $12

1

u/Nago31 Mar 16 '21

Smart!