I buy fairly long dated calls when I like a position but have no idea how to gauge the timeline of the various catalysts I think will push it higher. If you get a move or series of moves up that validate your theory a year in advance of expiration then you should be thinking about cashing out at least some of the position.

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If you hold them in a taxable account, you can sell further OTM LEAPS with the same expiration, effectively making them a vertical spread. That will delay making it a taxable event while allowing you to take your cash out of it

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A company with negative eps that have real ip and etc doesn’t look good to me. They need another pandemic and I don’t see one coming tomorrow

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You bought LEAPS and you’re crying about them now? So I just wanna understand your tears for a minute. You spent money to maybe make more money AT LEAST 12 months in the future. Right? But Now you’re fucking crying about it? Seriously? I bought RKLB LEAPS two days ago and I sold them today. Stop being a little fucking bitch and make your own decisions for once in your life. Sell now or hold then sell. Or hold until they expire worthless Here’s an idea. How about you grow some fucking balls and make your own decision for once in your life?

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Take some profit. Sell another call at the money if you want. It reduces your position size. You essentially own stock now. That way if we chop sideways for a year you make more money, we drop down back to your strike then you made whatever you sold the call for. We rocket up again, well you still made whatever your position is positive now, minus the extrinsic valve plus the sold call value. For me this is always the answer I feel best about.

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If its good enough to post a bragging post about it: then cash out

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Imagine being the guy who could've gotten insider info from both of them and just sat there like a mute lmao

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Jim Mellon always has an eye on the next opportunity. “I do love music and I have written lots of songs,” the billionaire investor tells me, about an hour into our lunch. “I’ve done country music, pop music, really anything.” He owns a stake in ATC Management, a company that represents some of the biggest performers, songwriters and producers in the music industry, including Radiohead and Nick Cave. “So one day I’m going to go to them and I’m going to say would you look at my songs? It’s awful,” Mellon, who plays guitar and sings just “well enough” to record a demo, laughs. “I’m saying, would you mind representing me as a songwriter? Why not have a go?”

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This is simply what you’re putting yourself up against. Stocks move in stages. NFLX is clearly in stage 4. You haven’t even waited for the stock to start basing before getting a full position. META on the other hand you might have some luck because of the AI tailwind but simply put your catching the knife and that has a low win rate but if you turn into a bag holder you’ll be fine. https://preview.redd.it/g6qn9h1dyq6g1.jpeg?width=1600&format=pjpg&auto=webp&s=b6052b47a97ca1026197e98e69c9d6fa0d516395

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Well, $80 is definitely a target. https://preview.redd.it/jtucwdp2yq6g1.png?width=3960&format=png&auto=webp&s=98c8435a3c698e7d5291911748f38364d9510bf3

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