Not every opportunity lost.
The price is set – 54.20 . Let this thought roll through your hollow skull .
The 50P 10/07 goes for about a buck. Sell them by boat, stretch your margin. Or 48P if you a bit scared that Elon may twit something crazy in next 2 days. And , very likely , he will.
Now what will happen after with TWTR? Will Elon take it private or it will be still trading ? My bet is that he will take it private. Maybe he said it somewhere before, I can’t remember stuff like that. If so, then sell some super far away OTM puts – they will expire worthless. E.g. 45P Jan 2025 goes for $2. Yeah, there is a risk , it’s Elon we’re talking after all, and you will lock your available margin for a year.
Or sell OTM call spread . Don’t sell naked calls, never a good idea. Not a big money there, though.
Remember the kid who bought 55 calls? Look at Jan 2025 chain – it’s the land of opportunities.
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I absolutely agree that it’s likely the market will recover next year, and calls will print if you buy now.
Or if he backs out and finds some excuse you are fucked.