$ROOT June18'2021 $15 Call...Keep an eye on this for potential 500%+ gain

[99steak]

I am subscribed to Betting Resource's sports picks and they send some stock option picks as bonus for free with the picks once in a while. They started during 2020 sports lockdown and made some great calls with the highlight being NVAX Jan 2020 $30 call that the made when the stock was still trading under $20. Cast of that contract was $3 and by end of August the contract price fetched over $150!

They also make short term calls here and there and the most recent was MVIS $15 May 21 15 that was selling for around 70 cents at the time advise and sold as high as $12/contract earlier this week.

Now they have Root June 18'2021 $15 call pending advised last week when the contract was trading for 40 cents. It climbed as high as 95 cents and now around 55 cents. Still worth the buy because they expect this talk to go near IPO price which can happen very well during the earing report that is coming up in May. I when it dipped, to 55 cents today, I doubled down on my positions. I have a sell order at $5 for half the position and the other half I will hold to see if I can get 900 to 1000%.

 

[cluckyduck]

Hey what is the full name of the stock...

 

[99steak]

The ticker is ROOT. It is traded in Nasdaq. The company is called Root Inc. Don't confuse it with the roots clothing store. This is financial/insurance.

Keep in mind that this is high risk high reward play. If you want something safe to put the money away for few years, he suggested to buy BB as long as its trading in single digits and to pick up Jan 2023 $20 and $25 calls which was trading for $1.50 and $1.00 per contract just recently. He expects BB to reach its all time high in something that he calls the "next market catalyst". But the stock can pull back before climbing so slowly accumulate positions whenever its dips below $10 and lower. Those call options would make a killing like NVAX did if the stock hits 140 which was the stocks previous high. This is all based on the american market price. If you buy in the canadian market, the price might be different. I see that you are canadian like me...in thise case when you buy the stock out right, buy it in the canadian market but for options use the US market because there is way more volume there for options. All his suggestions are in reference to US markets.

 

[Bruins4Life]

I picked up some BB 2 weeks ago for just under $11 CND.

 

[99steak]

I picked up some BB 2 weeks ago for just under $11 CND.

I have a lot of BB in in the canadian and american market. All my options long calls are on the American market. Don't even consider selling unless its over $100.

 

[Bruins4Life]

800 shares BB @ $10.83 CND. Hope you are right lol.

 

[99steak]

800 shares BB @ $10.83 CND. Hope you are right lol.

I am hoping he is right too. He provided solid reasoning for it just like he did with NVAX last April. Most made the mistake of selling NVAX early and missed a lot of profit. He said NVAX will reach all time high and it did. BB all time is not as high NVAX all time high but around 140USD is still a lot of gain from what it is trading now. Buy yourself some Jan 2023 $20 and $25 calls too on Nasdaq. It will give you control of lot more stocks at fraction of the cost.

 

[Bruins4Life]

Was looking at BB options. I have never done this before lol.
5 contracts expiring Jan 2023 with a strike price of $25, would require an investment of $591 USD.
Thats all I am risking, correct?

Then what? I mean I know its probably sit and wait lol. How do you exercise that option on the date? Are you prompted to buy?


Sorry for the newbie questions.

 

[valium]

Was looking at BB options. I have never done this before lol.
5 contracts expiring Jan 2023 with a strike price of $25, would require an investment of $591 USD.
Thats all I am risking, correct?

Then what? I mean I know its probably sit and wait lol. How do you exercise that option on the date? Are you prompted to buy?




Sorry for the newbie questions.

i will answer for 99. Yes, the $591 for the 5 contracts is all your risking. You can't lose more than that. You can sell one contract or all 5 of the contracts at anytime you like. All depends on what you want to do. if 3 months from now BB is much higher you could sell the calls that you bought for a profit. it is all up to you as to how long you want to hold that position.

 

[valium]

Bruins, those contracts give you the right to buy BB at $25 all the way to Jan of 2023. if the stock is at $50 you can exercise your calls and you would pay $25 for BB. Or you can just sell your contracts for a profit. it is generally around the same profit. Meaning the only reason to exercise the option and buy BB for the $25 is if you want to own the stock.

 

[Bruins4Life]

Ok thanks.
So best case scenario it flies up. Sell half at $50 and ride out the rest.

 

[Bruins4Life]

Bought options on ROOT and BB

Gonna be a learning experience lol.

 

[Bruins4Life]

dupicate post

 

[99steak]

ROOT was a lotto play, might not hit but there is still time. If you bought BB Jan 2023 calls, they are already up over 200%. When you play option, the strike price doesn't have to hit to make money. You can gain 500 to 1000% gain without strike price hitting if you buy during down swing and less volatility and sell it during a an upswing with high volatility. IN order to follow these plays, i recommend following betting resource newsletter. That was from one email. He had other real estate lottos few days later. O and SKT. SKT $20 call june 18 bought for 15 cents are already up over 400% today even though it didnt hit. He thinks skt has room to run and said consider selling half the positions for $1.50 and the other half for $20 which will be big gains. But i already sold some for 45 cents today. ROOT looks dead in the water but hopefully it will run with quarterly expirys coming up. 0 so far looks to be same price as buying price.

But the big play with blackberry is money. If you followed all the newsletter, he advise Sept 2021, Jan 2022 calls and Jan 2023 calls. Jan 2023 calls, you hold until stock hits $100. September $12.50 $15 $20 calls and the Jan 2022 calls for the same prices was advised to let go half the positions when price touches $15. Other half wait till 1 week after Jun 18 to see if the stock rums up more and get rid of it during the last week of June. All this profit means, the Jan 2023 big positions that you acquired are house money.

He asked us to stay tuned for some medium safe (non lotto) short term plays this week that he is confident on. I am eagerly waiting for those. He is very good at calling the overall market direction. if you are into stocks i recommend keeping on eye on what he has to say.

 

[99steak]

I hope you guys held on to these ROOT calls. They are about print 1000% gains or even more. The call option was suggested at 35 cents but it went as low as 5 cents to add more. And you could have added july and septem 15 calls for well below the suggested price too. Tendy time!

 

[Bruins4Life]

I hope you guys held on to these ROOT calls. They are about print 1000% gains or even more. The call option was suggested at 35 cents but it went as low as 5 cents to add more. And you could have added july and septem 15 calls for well below the suggested price too. Tendy time!

I'm confused lol. It has to be above $15 in the next 8 days to make money for the June 18 calls...I think.

 

[99steak]

I'm confused lol. It has to be above $15 in the next 8 days to make money for the June 18 calls...I think.

No man. You can sell the options without exercising when the demand goes up. Lets say you decided to spend 1k and buy 2 contracts when the price dropped to 5 cents. 2 days ago when those contracts climbed above $2 from 5 cents, you could have sold the contract for over 40k profit. Obviously if you are greedy, you can hold it all for more gains but when it is way out of the money options with near term expiry holding is high risk, so you have to always take profit. I sold half my positions for $2 (my avg buying price was 15 cents...i started with the suggested price of 40 cents then topped then kept adding as the price fell and doubled up my positions when it hit 5 cents). In total i had 150 contracts with avg price of 15 cents which cost me $2250. When i sold half the contract (75) for at $2 which gave me $15k. I could have cashed all and pocketed 30k but i let it run to see if a squeeze happens. So far it is down but maybe there will be a squeeze next week. He did say the stock will consolidate when it hits 13/14 mark. I am hoping consolidation finishes and it goes up more before jan 18th. If not no worries, i took profit anyways.

The strike price doesn't have to hit. You can sell those options in the open market without exercising them when the value of the option goes up as the share price jumps. When you play way out of the money options with short term expiry, you are trading the volatility. If you wait for it to hit the strike prize, the option will expire worthless. Always take profit.

 

[Bruins4Life]

As I said,learning experience lol.

 

[REDEYE]

I bought a block at 9.60 awhile back .... just holding for now... I will take advice on this position going forward..

 

[99steak]

I bought a block at 9.60 awhile back .... just holding for now... I will take advice on this position going forward..

The real gains on BB are expected to happen in 2022. Until then its going to bounce up and down the hedge funds are going to add big positions by navigating through options. According to betting resource you buy Jan 2023 $15 and $20 calls (suggested when they were going for $1 and $1.50 for these contracts) and to buy the stock out right whenever its trading in single digits. These positions are to hold long term until stock cracks $100. IN the mean time they also suggested september 2021 and Jan 2021 calls which were all sold for massive profit recently when the stock spiked. They will probably suggest short term calls again to play the swings this year.