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| Topic | Stock Topic 21 |
| Colegreen_c12 02/11/21 5:53:22 PM #340: | Lopen posted... I mean I guess to me it's like, if FUBO literally halved TOMORROW that would be a problem, but say it takes as little as two more weeks to do it, I can probably get my entry point down to around $35, and then I could sell a further out call for $35 to keep that damage control going if the news is bad. Like you don't always have to do end of week calls either. Say it's REALLY bad news why not sell a month out call or a quarter out call. I can't imagine any news comes out where it's completely impossible it'll ever come back. Even "no sports betting" just lowers its upside-- it's still streaming TV with a focus on sports, there's a road to profitability. It just changes how long you need to hold. I mean a lot of tv streaming services haven't been doing well so it's not exactly a proven model. Worst case it could drop to $25 and stay there. Yes you could theoretically eventually make money back by selling calls over and over but as someone stuck in that position in NOK let me tell you that it sucks when IV drops. And i'm also stubborn so I know i'll probably try to at least break even rather than take the loss and put my money in somewhere more profitable --- DPOblivion beat us all. ... Copied to Clipboard! |
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