Bought Acb Calls

G

GotherL

In around the 10's-11's avg, it gapped to 16 and opened at 14 but I wasn't even up a dime at that point. I thought I would've at least tripled my investment and instead my pnl was showing red on the position. Does that mean the extended hour % gain/loss does not reflect on the options price?
 
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GotherL said:
In around the 10's-11's avg, it gapped to 16 and opened at 14 but I wasn't even up a dime at that point. I thought I would've at least tripled my investment and instead my pnl was showing red on the position. Does that mean the extended hour % gain/loss does not reflect on the options price?
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I sold it at 1:45 AM PST when it blew past $14.5 you could see the Shorts and Sellers pilling in. Weed stocks should have been bought when people like Ken C was telling us two weeks ago to think about a Democrat scenario. Republicans are against libertarian ideals so don’t think they won’t screw with Weed.
 
athlonmank8 said:
It opened at 13 and never traded higher. After hours has no impact on the actual price of the option. It's only what it opens at.
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What if it gaps like to 100 and opens at 100? Does the price of the premium go up with it?

Or are you saying the option will maintain the close price after open?
 
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GotherL said:
What if it gaps like to 100 and opens at 100? Does the price of the premium go up with it?

Or are you saying the option will maintain the close price after open?
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Option prices will be determined when the market opens. Any overnight moves don't matter if the stock comes back where it was the previous day. Tomorrow when the market opens you'll see the correct option price based on stock price at that time.
 
My question would be, why buy the calls and not shares?

I’ve owned ACB for a few months now and was deciding whether to buy long term calls or just flat out delta1.. basically when shares are $10 I’ll opt for the shares.
 
.sigma said:
My question would be, why buy the calls and not shares?

I’ve owned ACB for a few months now and was deciding whether to buy long term calls or just flat out delta1.. basically when shares are $10 I’ll opt for the shares.
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Are you asking me or in general?
OptionsOptionsOptions said:
Which calls did you buy? Strike and expiry.
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Not sure the strike but probably somewhere below 20 11/13 calls.
 
I rebought puts on ACB and held it around the 11's. It just dropped another 15% in AH. Why couldn't it tank in market hours?

Seems to be a huge disadvantage on certain options that only make sharp moves after market is closed.
 
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GotherL said:
In around the 10's-11's avg, it gapped to 16 and opened at 14 but I wasn't even up a dime at that point. I thought I would've at least tripled my investment and instead my pnl was showing red on the position. Does that mean the extended hour % gain/loss does not reflect on the options price?
More...
More important question is- why are you trading options when you have no idea how they work?
 
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