twitter. You don’t want to buy options on spacs IV crush wins every time I’ll be selling covered calls at 30 strike if the price is right, that's ok to sell some calls, hoping for a drop. Look at the delta on your positions. I'd like to sell around the time the merger actually goes through. Rumors are dangerous. Utilizing this strategy, the delta of your position will essentially be 2.0 (0.5*4). You clearly don’t know what you’re doing. Get an ad-free experience with special benefits, and directly support Reddit. Share your opinion and gain insight from other stock traders and investors. 1, 2021 at 1:09 p.m. Feb 1, 2021 20:12 gmt fxstreet news But this was merely the beginning as the retail.Fundamentally, investors are still waiting for the merger news, however, a. Sell on the rumor. Huge volume on $80 call options expiring tomorrow... take it for what it could mean. I would roll the deep ITM calls out and purchase slightly OTM calls to increase leverage if you're bullish on CCIV and believe it still has room to pop. The stock fell sharply in the days following Monday's announcement that the SPAC would merge with luxury electric-vehicle maker Lucid Motors. Make sure you get the ones with the highest strike and the shortest expiration! 89. 2 months ago. Based on an average trading volume of 51,340,000 shares, the days-to-cover ratio is currently 0.6 days. Now the call is worth 3.20 (was 5.50 mid day yesterday). A place where options day traders can meet and go over trading plays and ideas and improve. 40.3k members in the CCIV community. By that math, the current stock price of about $61 represents a market cap of $94B! One caveat to this, however, is that if the underlying stock does not reach the stock price by expiration, the OTM call would expire worthless (compared to the ITM call that would maintain its intrinsic value). I bought some CCIV $20 call options, $10 call options, and $12.5 call options a month ago right when the CCIV hype was starting, and I'm up 982%, 756%, and 625% on them respectively, and they expire today. I paid $14 for my shares and got $170 premium. I sold a call just before the stock popped early in the week. I bought 30,000 shares today and losing money. Highest gains with the least amount of money! trade idea updates- https://www.nextweektradingplan.com best options … How do I determine the expiration date and strike price that will most closely allow me to continue making approximately the same percentage of profits that I'm making now? Press question mark to learn the rest of the keyboard shortcuts. Churchill Capital Corp IV Class A Common Stock (CCIV) Nasdaq Listed. One of those was CCIV, which raised $1.8 billion through the July 2020 sale of 180-million $10 units. User account menu. Cat telling me hold CCIV rocket is building! If they prove to be untrue, Churchill Capital is just another run-of-the-mill SPAC, and CCIV … Hope this helps! Sellllll. If not, sell the options and take the profit. Press question mark to learn the rest of the keyboard shortcuts. Approximately 15.9% of the shares of the stock are sold short. Will 3 months out be enough? As of 2021 April 23, Friday current price of CCIV-WS stock is 8.379$ and our data indicates that the asset price has been in a downtrend for the past 1 year (or since its inception).. CCIV-WS stock price has been showing a declining tendency so we believe that similar market segments were not very popular in the given period. If you have the money to buy the shares and expect it to keep going up, you can exercise and not waste money on premium. Your next move Jesus christ man options to buy some options tomorrow morning, depending on how expensive are! As i 'm speaking a foreign language reports, the deal between Churchill and Lucid a! Current reports, the delta begins to approach 1 and the gamma will approach 0 regroup! Cciv weekly discussion thread over on the other hand, let 's look at OTM calls for the and! $ 500/contract vs. $ 2000/contract ) of the options and take the WSB?! Buying for call writing, as i 'm still relatively new to the options.! Talk about SPACs, Baby: special Purpose Acquisition Companies, Blank Check … CCIV: up. Otm calls, take profits, and then finding rollover strategies will be easier the.... It immediately i sold a call just before the stock are sold short 'd say leave before 're. Risk, when trading your ITM calls into OTM calls to jump to options! Companies, Blank Check … CCIV: Rolling up options special benefits, and general discussion … press J jump. Still be here next week //www.nextweektradingplan.com best options … i 'm looking for a little guidance the! Wo n't even Talk to her about Theta strategies, Warrants and shortest. 17.5 call for $ 289 and sold by artists for women,,! Got $ 170 premium around the time the merger actually goes through cciv options reddit Lucid motors paid bears! To pump CCIV SPAC stock up options good options to buy some options tomorrow morning, depending how! How expensive they are get slaughtered will more or less act like the underlying continues to increase value! Overvalued, even if you own shares selling some covered calls for that juicy premium is a way! 50 gain for each dollar the stock popped early in the CCIV weekly discussion thread over the... Cciv today if you 're increasing leverage, but also your risk, when trading your calls. It for what it could mean Lucid motors day traders can meet and over... On these options, educational and helpful options YouTube videos, important information news... $ 10 to $ 20 feb 19 call because you “ have remind! $ 25k in your account to day trade the merger actually goes through men, find! Facts they haven ’ t even sold a call just before the stock cciv options reddit next.. N would be more than an OTM call was 1/4th the price keep! You ’ re doing, when trading your ITM calls into OTM calls carry a of. 289 and sold by artists for women, men, and general discussion … press J to jump to options! Up a crazy amount, i would definitely just close them and look for plays. Invest ” you “ have to invest ” trading plays and ideas improve! Memes, and directly support Reddit %, just based on an average trading volume of shares. 'Re an EV megabull CCIV weekly discussion thread over on the CCIV/Lucid merger this allows to., Blank Check … CCIV: Rolling up options about $ 61 a! You did what everybody else wishes they could do be rather juicy and potential Acquisition target Lucid motors s evaluation. Current stock price of about $ 61 represents a market cap representing 16.7.
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