Ok, I took a look... I don't have knowledge of the company to comment on the value of the stock, but I can say some things about option selection. You might want to think about moving to a different expiration and strike. To start, the easiest way to gauge the relative price of an option (in relation to the other options of a stock) is the IV of the option. I don't know what broker you're using, but you might have to change some settings to enable this field. The IV of your option is 91%, and is pretty high. Also, the spread/liquidity is pretty bad too. Right now the spread is 4.90 (bid of 23.10, ask of 28.00). On the other hand, it's the weekend and it might be better during regular hours. You're planning on holding it for a while, so it doesn't need to be super liquid. However, there are some decent options on 10/18/24. Again, there will probably be better choices when the market is open, but right now the $24C has a bid/ask of 13.10/13.90 and extrinsic of 0.80. You can basically get near the same delta for half of the capital cost. Although, it's 152 days out, and you'd probably want to roll it out further in a couple of months. It looks like there are some decent deals in Jan 25 too. $20 looks to be a low spread and low extrinsic. Do you know how to roll an option? Since you're probably not in a hurry to change things, you could probably put in a GTC order to roll and see if it hits sometime in the next few days.

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I'm new too. u/kazkeb 's recommendation of ThinkOrSwim is great. You can still open a paper account on there. When you go to login you'll see at the bottom of the screen "Paper Money" or something like that and "Investing" or something like that. Also, they have REALLY good educational videos. The one on Options is excellent, but when I went through it I was like "whoah." lol Check it out! Also, check out r/RealDayTrading and read the Wiki (Believe it or not, I actually found that sub from this sub lol). The guy that founded it, HariSeldon (his Reddit name) is a legit trader, and the wiki shows you everything you need to get into day trading profitably. Start with paper trading and do this until you have a 75% winrate and are profitable, then when you use real money start swing trading, then when day trading only do one share at a time. You'll have three weekly day trades allowed on your account until you get RDT status (25k). Also, use Stops! Watched Hari Short 10,000 shares of NVDA and make $100,000. And I've seen his Options plays. BUT he knows what he's doing and would tell you, like u/kazkeb , not to mess with Options when learning all this. Good luck! Oh, RealDayTrading also has live trading YouTube videos every Wednesday at 12 EST with Pete Stolcers an OG trader that started in the Bond Pits back in the day. Pete streams on his channel OneOption. They take questions and explain a lot. It's worth watching!

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Yeah, paper trading first is a good idea, of course. Thinkorswim (now with Schwab) is a pretty powerful trading platform and I think you can still open a paper account on it.

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OP needs to open up Wendy University and sell online courses

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I actually do not but on Sunday - Tuesday of last week, I'd of love to of had access to overnight markets. I got "taxed" heavily on the way in on Monday and getting out on Tuesday at open.

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I jammed 100% of one of my retirement accounts on Monday open. By the time my order was placed the stock was already up 70% - I was flat on the day. Over night though I see +140% at open. Took profits at open on Tuesday which ended up clearing a net gain 70%. Took some off and put profits back in on Wed's bottom ($70k). Holding for the big run. GL - Let's go!

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In the money isn't as incredible as you think, and the higher in the money the less gamma you get and less open interest and volume.  Nothing is free in this game

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I would suggest people here to buy or sell actual stock because you can get rid of it after market if required instead of waiting the market to open to get rid of the option..

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Options open during the weekend is so restless and frustrating. I have closed all my options on Friday.

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Yup, this is all realized gains. I don’t like to hold open positions over the weekend.

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