I bought 5 contracts of calls for AMC (6/11) with a strike price of $47. Breakeven is at $60.00. Any thoughts on this?

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I would like to sell you more of these.

likefunny

You will do great Ape !!

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Do you know what theta decay is?

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That makes sense, but right now that option premium is worth $11.50 and you have 5 of them so that’s $5750. Theta is -1.05 and five times that is -$525/day which is almost 10% of the contract value and the decay will go up everyday this week.

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Dumb

likefunny

Why not a reverse iron condor with spreads close to the current price?

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Apologies my mistake, yes you would want to sell the put and call that are closest to being in the money and buy the ones that are the farthest out

helpful

🖍 🖍

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How how we looking?

AMC finished at $56! I'm optimistic that tomorrow will be the day I sell.

Did you sell at 62 today?

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