- 100d 11h 41m
No.So, if I had bought a Call of BTNB @ 10.30 strike, how would that differ from me simply buying it @ 10.30?
When I buy it outright I’m just getting X amount of shares.
With a call I’m buying 100 shares and get some sort of premium right?
1. Don't trade options until you understand them.
2. The option has an expiry. Up until that expiry you have the right to buy those shares at the strike. There should be no strike of 10.30. 10, 12.5 and 15 most likely. The time between now and the expiry has value.
3. Friends don't let friends buy call options. If you really wanted the stock, sell the 12.50 strike with a short expiry. It either hits or it don't. If you really, really want the stock sell the 15 strike put expiring on the 19th. I don't advise this move.
4. Be patient and wait for it to come down in price. If it doesn't, there are 400 more SPACs to look at.