Then looking at the BIOR Biora Therapeutics options chain, i would buy the $1.5 strike price Calls with 2022-10-21 expiration date for about $0.13 premium.
Hello, Your charting looks fantastic in my newbie opinion. Is there an advantage in taking an option with a 5-6 month expiration as compared with 1-2 months? If so, is it lower price lower volatility higher expected upside or something else? ( I learned my lesson to hot hold through earnings on BKYI, another biotech, just today.
TopgOptions
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@AwesomeAvani, hello, the advantage is that it has more time to reach the price target, but you will also pay a higher premium for that. the safest strategy is to buy Long-Term Equity Anticipation Securities (LEAPS) in the money options. it`s like having an overleveraged long or short position, without the worry of being margin called until the expiration date.
AwesomeAvani
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@CryptoFundManager, Thanks ! for the higher premium you get better safety less fluctuation and great returns as long as ou are realistic. I experienced that on a stimulator with a F=Ford LEAP into September 23. After only five days it appreciated 27% reflecting F's trending up week. I will do your strategy on the simulator and stop trying the overnight 100% return on options with 2 week expiration that are so popluar with the gurus hyping unrealistic and unsustainable strategies. Have a great weekend !