Subject: Re: Buying Long Dated Calls
What is the stock?
And, down 90%???? Down from 300 to 30?
Why would you even touch that with a 10 foot pole?

Actually from $370 to $23 recently for a 94% drop.
It does not matter what the stock is. It only really matters what the prospects for survival and some recovery are.
Obviously it is highly speculative but you will find many examples of severely beaten down stocks that recover.
Bitcoin was one, and I watched in real time as GBTC went from $52 to $8 and now back up to $60 as folks here were discussing it.
These things happen from time to time, and they will always happen.

Don't worry about it Ray, there's little chance I'll do anything about it, I'm not that much of a risk taker.
It will probably be another one of those woulda coulda shoulda things.

Trading options is not something I've done, so I am interested in learning the mechanics of it.


Mark