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Bad396's avatar

spotted BABA up pver 3% in pre-market, had a feeling we might be selling. I got a 23% gain, my timing was behind yours on the buy and just a tad off on the sell as it lost some tenths of a % from where you sold versus I. Greg, this call was perfect example of your talents.

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Sara Nichols's avatar

2.55 gain on sell. But I am doing fractional stocks because I am to broke to do bigger... lol

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BowTiedBigCat.eth's avatar

It’s all good all profit is good! 💪🏼

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Scottie's avatar

Nice one GM. Mahalo +33%

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Thanks Chuck.'s avatar

Excuse me, im quite new to options, but how did he bought at 250, sold at 254, and got 30% profit? And can I buy regular stocks instead of options (Since INBR dont let me trade options yet)? Thanks!

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JR's avatar

Options are a leveraged position. The option on BABA that Greg picked was probably around $21 per share meaning it cost around $2100 for an options contract of 100 shares. He probably sold around $27 per share for option meaning he received roughly around 30% in profit.

You can buy the regular stock instead though you'll profit less compared to using an option though conversely you won't lose as much if it turns against you.

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Thanks Chuck.'s avatar

Thank you. I have some experience in regular stocks but just new to options, the question is if buying regular stocks will be efficient with his predictions.

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JR's avatar

Your gains and losses would be smaller though conversely your losses would be smaller when buying the stock vs. an option. In this example. BABA stock went up roughly 3% which translated into a 30% gain in the option price which is quite larger. If you had bought the stock instead of the option, you probably could have bought around 8 shares meaning your profit would be $45-$64 vs. $600 gain for an option.

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