Jeff 12:21 pm on Thursday, March 12, 2020

DRIP

The $DRIP March 20th 980 strike is going for 150.00. It expires in 6 trading days. Should I buy it or sell it?

thomberg1201 12:24 pm on Thursday, March 12, 2020

If I knew the answer to that…
MikeL 12:32 pm on Thursday, March 12, 2020

Pure gamble. Just remember the promise you made to yourself about DRIP.
Jeff 12:56 pm on Thursday, March 12, 2020

The answer is neither. I’m not fucking crazy!
Ramie 1:17 pm on Thursday, March 12, 2020

Was playing around with buying puts instead of selling calls to limit the risk (spreads are tough on this one). But the time premium is so insane it offended me as a premium seller. But I wouldn’t mind figuring out a strategy to make back some of the losses I took on this b****.
- Jeff 1:21 pm on Thursday, March 12, 2020
  
  Same experience… puts way too expensive. Put premium MAY calm down when volatility calms down. Also, we can play for $GUSH after reverse split.