$1.50 share stock with June $2.50 Calls bid $.70x $.85 Why?

[systematictrader]

I think Options add the icing to these micro cap pumps. I miss lots of the big gaps the following day because I go flat. I did catch UAVS in April when it went from $.9 to $2.40. Had a good cost basis so I carried it over from its close of $2.40? It open's up at $3.7 lifting off to $5.15 quickly falling down to $1.00. All the poor newbies on StockTwits or Robinhood had no idea what hit them. Its easy to understand why many on Elite avoid them.

I think they require a great deal of attention

another friend i know been in this stock two year the day it went to 2 something he made 100k and claimed he sold the next day i believe it went to 5 n back down he wouldn't answer the phone

this is a classic scenario where option fixes the problem of do i get out or stay in
Lolz

 

[systematictrader]

I think Options add the icing to these micro cap pumps. I miss lots of the big gaps the following day because I go flat. I did catch UAVS in April when it went from $.9 to $2.40. Had a good cost basis so I carried it over from its close of $2.40? It open's up at $3.7 lifting off to $5.15 quickly falling down to $1.00. All the poor newbies on StockTwits or Robinhood had no idea what hit them. Its easy to understand why many on Elite avoid them.

But besides this stock there is plenty options on others

 

[systematictrader]

I think Options add the icing to these micro cap pumps. I miss lots of the big gaps the following day because I go flat. I did catch UAVS in April when it went from $.9 to $2.40. Had a good cost basis so I carried it over from its close of $2.40? It open's up at $3.7 lifting off to $5.15 quickly falling down to $1.00. All the poor newbies on StockTwits or Robinhood had no idea what hit them. Its easy to understand why many on Elite avoid them.

This is what my post was about

https://www.elitetrader.com/et/threads/how-come-its-not-more-expensive.344516/

 

[never2old]

sell the October $2.50 put for ~$1.78

I think Options add the icing to these micro cap pumps.

Its easy to understand why many on Elite avoid them.

^^ agree

and on MARK today, how would you play this?

https://www.barchart.com/stocks/quotes/MARK/options?expiration=2020-06-19-m&moneyness=allRows

 

[JesseJamesFinn1]

(I forgot to post this yesterday, funny!)"I get why Baron wanted us to avoid companies like MARK, traders get hurt. I bought options on DDOG and UNFI's $15s-$17.50s their going wild with massive volume.

 

[vanzandt]

(I forgot to post this yesterday, funny!)"I get why Baron wanted us to avoid companies like MARK, traders get hurt. I bought options on DDOG and UNFI's $15s-$17.50s their going wild with massive volume.

What up JJ... hey did you get any of those 5/22 DAL $20 puts for $0.75 I told ya about last week?

 

[JesseJamesFinn1]

Yes. If he’s willing to hold the stock for that long and believes it will stay between $0.50 and $3.25.

What up JJ... hey did you get any of those 5/22 DAL $20 puts for $0.75 I told ya about last week?

Nice Call or Put should I say! Are we going to see even more melts?

 

[vanzandt]

Nice Call or Put should I say! Are we going to see even more melts?

I think so.
Its not a good thing really.