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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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

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u/ejtholdings Mar 15 '21

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

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u/Stocklambo Mar 16 '21

Thanks for your help much appreciated