Welp, I made my first option trade yesterday. Made a few grand with a short term VIX call. Looking to put the profits into something a little less speculative. GOOG seems to be nearing the bottom. I do not own Google but would like to enter into a long position. Would using options make sense? Thoughts on loading up on some 9/15/2023 $100 strike for $5.55 per? That way a guy wouldn’t miss out on a rally? Or is the downside so negligible with Google that using calls to enter is just hedging risk that isn’t there?
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