Criscmt
Member
The price action yesterday and today seem to suggest more buying for the rest of the year, window dressing. Any thoughts?Quick update from me - I also finally gave up on any post-inclusion bump and sold off most of my calls for expiration up to Feb21. If I had made this decision on Monday after seeing @FrankSG blog post and @adiggs post here, I would have done very well. Although I ended up in the green overall, that was mainly due to the options purchased the day after the announcement which were over 2X. The short term speculative ones purchased week before inclusion ended red or worthless. It was the IV crush that seems to have killed any chance of good returns.
Good experience - although at times painful one. In future, I think it would be better to purchase options with a couple of months time rather than the short expirations which lose value really fast. I still have some deep ITM ones for January which were bought pre-split - these I will likely hold till P&D report. Also have LEAPS that are much further out.
With the IV so low, I was thinking of adding more LEAPS instead of shares - was looking at Jan'23 690 or 750 calls.
Any thoughts here on the strategy - Shares or LEAPS?
Paging @adiggs @FrankSG too.