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The Stock Market, will 2024 be like 2020 ?

Discussion in 'BBS Hangout' started by adoo, Dec 8, 2023.

  1. adoo

    adoo Member

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  2. adoo

    adoo Member

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    when BA was trading ~ 160
    now trading just below 155. i see more spaces to fall

    using some of that $22 premium collected in advance to pay for a bearish 20-point PUT spread, Feb '25 expiration.

    • + 155 strike PUT, - 135 strike PUT
      • net cost of $6.6
        • risking $6.6 for a potential max gain of $20

     
  3. adoo

    adoo Member

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    on 3 Sep
    today's announcement
    drove NVDA's stock price up ~~4% to 121.

    my bullish 50-point CALL spread is worth ~~ $20
     
  4. Sajan

    Sajan Member

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    The way it's going, you should win the bet..
     

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