3 ms·
I bought AMC call options for a 1 year out near the end of the pandemic. Usually big shifts like this - war, famine, pandemics etc. -- are good times to make m
by dhruvkar 3y ago
I bought AMC call options for a 1 year out near the end of the pandemic.
Usually big shifts like this - war, famine, pandemics etc. -- are good times to make moves/gamble on because of the volatility.
As the pandemic eased, I had noticed AMC hadn't recovered (before it became a reddit craze), whereas the pandemic was easing at least in people's minds.
So I bought call options that expired a year later, since I didn't know when the rebound would happen, but knowing that it would.
I made 5x on it. If I had held 48-72 hours longer it would have been a 20x.
Seemed like a stupid easy way to make a good ROI.