You are quite right. Majority of options expire worthless. The only reason to buy options is if you want leverage. But beware. as leverage can kill you. Also, it is not so easy to trade options, and HASO is a good example. I have a lot of them, and the best I could do over the last 6 months, is sort of average down a bit and accumulate a big position in HASO, but I was not able to trade the move up from 15c to todays high 27c. Reason being, not enough clear volatility in HASO.
So yeah, I am happy with todays move and hope that we have an explosive move next week, and so on, where maybe we hit 40c soon. As we get towards 50c and more, the moves in HASO will mirror those of HAS more closely, and will pay off handsomely.
HAS Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
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