/biz/ - Business & Finance

>>25319600
No, its not too late, however just be aware that a correction in bitcoin does come usually before Chinese New Year. I have 2023 LEAPS and I swing calls 1-3 months out pretty much daily. I buy them at EOD and sell the spike in the morning. I bought 2023 calls today, but typically I would wait for a red day to buy them, but a call with a delta of 86 when its fucking $13 OTM was too juicy to pass up on. Determine how much you wanna put in and slowly average in. I was holding shares for the longest time, but it currently seems its better to swing than hold. Just don't expect any major price movement for the next few days since people are likely locking in profits for taxes.

>>24868938
That was probably me, no problem my dude.

>>24073743
To determine the leverage a LEAP will give you in relation to a stock's movement, use the following formula:
(Delta x Price of underlying stock) / premium paid

I will use my $2 MARA calls in an example using the price at close today:

(0.8712 x 3.09) / 1.25 = 2.15
So this call gives me 2.15x leverage in the movement in MARA.

You can use the same formula to calculate the leverage for $7 2023 call and it should be less.

Ever since switching from retarded weeklies, to ITM LEAPS, my portfolio has grown so much more in comparison. I'm tempted to average up on my MARA calls, someone paid 2.95 for some calls yesterday. Fucking insane.

>>24073767
IV is high, so you would almost get all that you paid for the 100 shares in premium. But I wouldn't want to bag hold some penny stock for over 2 years.

>>24038955
A dip will come eventually, but trying to time shit is dumb. People that sold "the top" yesterday got blown out by another ATH today. If I wasn't so busy swinging TSLA options, I'd sell some puts to pick up some shares to go with my 2022 LEAPS.