Ok, today was wild! Lets go over some of the numbers.. We gapped up this morning and hit a massive high of $8.90! The stock got halted & plunged heavily when it resumed trading.. Held strong and ran up to close around $7.50! Posting a \~21% gain and a GIGA volume candle exceeding 280Mill shares traded. ๐
You were there, you witnessed it with your own eyes. It was something to behold. ๐ซก
But here's the truly exceptional part of the SPCE play not enough of us are talking about.. And it's hidden in plain sight in the value of our collective action and the Implied Vol of the options chain. โ๏ธ
Let me make this brief. We see what deep OTM options are pricing at, the cost on a $10 or $11 option is enormous. The IV on these contract is so high that out of the money calls cost the same as huge blocks of shares, making them ridiculously attractive to SELL not buy! ๐ค
So here's the play maybe some need to see written out to consider. Rather than recklessly speculating on OTM calls in SPCE, instead buy the shares and capture the Vol premiums. Yes, write covered calls a classic options strategy. Get on the other side of the trade for once. ๐ต
Forget simply speculating on price swings and start looking at SPCE as an options premium harvesting money machine. ๐ง
It's almost unheard of to buy 100 shares of a $7 stock and sell a $10 call for almost \~$3 !! You capture nearly 40% immediately, plus the potential upside while protecting the downside. ๐
This is exactly the sort of action that will attract Big $ players into SPCE shares. They don't care about the fundamentals as much as you think. They look for Volume + Spread. The cost to buy shares and sell Vol it too high to ignore. Those who think the SPCE move is done are mistaken. We just got their attention!
Now it's time to beat them at their own game! ๐ธ๐๐ป๐๐๐