Fist off, I will start by saying I am new to LEAPS.
Posted this in r/LeapOptions but it’s a small community and I’m looking for discussion.
I have known about LEAPS for quite a while but have never done one myself... I have gotten lucky with a few options moves in the meme stocks but I'm trying to put those gains into a LEAP.
I am extremely bullish on the upcoming space industry. With all of the newly forming space related companies, & some of them to IPO soon (to name the big dogs: Starlink, SpaceX, Relativity, Blue Origin, Virgin Galactic, Nanoracks) and handfuls of other startups regarding space hotels and orbiting commercial labs, Etc. I believe investing in this industry now could potentially show some serious upside potential once these companies get up and moving. with all of the SpaceX hype it has begun a new space race of sorts...
However with many of these companies still private, getting exposure to them is basically impossible and the closest thing there is is $ARKX and $UFO. $ARKX is currently hovering around $20 and I believe when some of these companies IPO in the upcoming years this ETF could see massive gains. I'm considering buying 1/20/2023 LEAP at $20 strike. However when I look into the details of the option I see very little volume. Should I be worried about this? Also, if my assumption is correct and the stock sees massive gains would I be stuck holding an option so I.T.M that I cant sell it? should I roll them every 6 months or so? Like I said I'm new to LEAPS and understand the basics of how they work but I would love some input on this trade.
I'm not looking for anyone to tell me to take the trade or not but would love some discussion on it. I would also like to know your opinions on how you think this industry will perform moving forward. I really enjoy reading about the future of this industry and what it can provide.
Submitted June 11, 2021 at 10:21PM by O-Soupy https://ift.tt/3vgyLE3
