The Investment Thread

Turfie said

So with call options:

GSAT is currently 1.29 per share. And I believe the share price will close above 2.00 between now and July 21.

To buy 5 calls (each call is 100 shares) I have to pay a total premium of $50.

So if the share price closes at any time above 2.00 between now and July 21 then I could buy 500 shares at the current share price of $1.29??

Click to expand...

You can, or you can just trade the premium, which would skyrocket if the share price got to $2 early in the one month time period, for profit.

I would warn though that similar to AMC/GME, GSAT is one of the most traded stocks on the non-ATS dark pool, so be careful; it could very possibly be a trap, being that unlike AMC/GME, it does not have a loyal group of HODLers, at least to my knowledge.

https://otctransparency.finra.org/otctransparency/OtcIssueData
Go to "OTC (Non-ATS Issue Data)" at the top.