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19:47
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Originally posted by jakspara:
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Agree mate. Don’t get me wrong, I see significant upside on the options from here. All things considered though and with heads below 8c I’m just about out of options entirely and “converted on market” so to speak. Given there’s only been a 4-5c difference I took the view of that being a discounted “strike”, although giving up the time value and leverage in turn for a safety net of sorts. I’m not much of a punter, I want to cover myself incase we never actually see 20c. Given the way this has panned out so far, bakered, brokered, manipulated, and no doubt plenty more hurdles and curve balls coming our way. I learnt the hard way with FAR, not to count my chickens too soon and to mitigate risk best as possible.
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Having put $100k into the options - i can confidently say that i am indeed a degenerate gambler.
