For those who are watching SPCX IPO, you must know that it started its IPO trading price at $150 and quickly shot up in the following days as high as $230ish. Apparently, the hype for SPCX is enormous but the problem is that it is not easy to get in at a low price. Even though it declined quite a lot on Thu to as low as around $170, I don't think it will test its IPO price anytime soon. Most likely, eager buyers will step in when it is down, which will push up its price again. For sure, it will be quite volatile, but given its long-term very bright future, I think those who have faith in Musk will accumulate its shares aggressively when the opportunities come. Just watching the history of TSLA and you will understand what I mean. My biggest regret is that I didn't put in serious money earlier enough to enjoy TSLA's epic uptrend when it was low. So I won't repeat my mistake again for SPCX. I have found an effective way to accumulate SPCX for a much lower price when it comes. Here is an example I shared with my DW Family members on Thu when SPCX was down. In essence, we will collect a good amount of money upfront to try to get SPCX around $156 by Jul 10, if we are lucky enough. If not so lucky, we will be happy to walk away with the nice income (up to $640 per contract in this case) within about 2 weeks.
Sounds like selling puts, but it is not. Rather, it is a unique strategy that is much more effective and lucrative with a lower upfront funding requirement. In this case, we just needed about $1100 per contract for either an income up to $640 in two weeks or an opportunity to buy SPCX around $156 (unlikely but not impossible). We will repeat this strategy regularly to get paid for the opportunity to buy SPCX cheaply.
To respect my paid members, I cannot share the details of the trade, but if you are interested, feel free to send me a note via WeChat or send me an email to: dwmt19@gmail.com
No comments:
Post a Comment