I have been selling ATM puts in SPCE, Virgin Galactic, since October 31. I now own 100 shares and have collected enough premium to make my price point $5.78 per share.
WOW! What the heck happened at the end of November that caused it to crash?
Sector: Electronic Technology
Industry: Aerospace & Defense
Virgin Galactic Holdings, Inc. operates as a holding company, which engages in the business of owning and operating privately built spaceships. It designs spaceships which can fly anyone to space safely without the need for expertise or exhaustive time consuming training. The company develops passenger carrying manned spacecraft. The company was founded on May 5, 2017 and is headquartered in Las Cruces, NM.
I'm looking at this as a long hold in my ROTH. Get 100 shares for $578 and in 20 years hope it takes off :-) .
Wxgrant with the pull back Friday are you looking to sell any puts?
If it pulls back closer to $10 I will look at puts. I’m happy with my price point. I think there is a good chance this drops bellow $10 as it is very volatile.