wanderer said:
wanderer said:
If anyone is interested, these are now available for under 70 cents.
An idea…..Can buy these Jan calls and sell the 12/16 $75c for $.10-$.15 (total debit). **This does come with some risk since the call you're selling is less than the strike you'll own.
I'm gonna bring this one up one more time.
You can still buy (Jan 80c) and sell Dec (75c) for .14. Even if the ticker is above $75 next friday the gain on Jan $80 will keep up with the gain on the Dec 75c. If the ticker stays at ~$69-70 you'd even be able to sell Jan 85c for a dime on 12/19 if you wanted for a $5 spread all at the cost of ~.04 (plus fees).
This is far from a slam dunk profit trade, but it seems like there is great R/R here.
I'm all ears to hear how/why this is an awful idea.