RE:WEED OPTIONSI researched these option thingy's but they make a little less than zero sense to me. I just can't wrap my frickin' head around them and how they work. Good on ya fer banking some coin though, yo.
Democratus wrote:
You've got to love them. I own 15,000 shares of WEED but made $2,750 by first Selling to Open (Writing) $7 PUTS then when WEED was rising and Buying to Open $15 P a couple of days ago to catch this dip and I Sold To Close today the $15 P ... all times 25 Contracts.
There's more or less 30% Premiums to Strike Price with WEED Options compared with 5% - 15% typical Premium to Stock Price.
It's a veritable treasure trove of opportunities, using all 4 opening possibilities depending on the direction of share price movement.
The 15P Sold today captured 20% gain in 2 days.