Thread by @up_totheright

Introducing the Dollars and Sense 3K options challenge!! 🚀🔥😎💰

Today I funded my margin account with its first 3K.

The Goal? To use the power of #options to grow a small account into a big one 🤑

Then I thought my not share my trades and thoughts with Twitter! More info👇🏻

Ep 1

So officially I transferred 4K🇨🇦 into my US margin account which after conversion was around $3,093.34 🇺🇸 so I’m starting with a little more than 3K but I need all the help I can get 😉

Disclaimer Canadian banks suck and I still pay $9.99 commissions +$1.25/contract 👎🏻

Now enough gabbing let’s get to the first trades, and they involve when of our favorite new stocks $FEAC soon to be $SKLZ. I have been loading up the truck with $FEAC over the last few months and love the business more as time goes on ($SKLZ thread up coming). With merger set...

for this Wed Dec 16 I decided to go even more long!

1. Bought 1 May 21 $10 call for a $11.21 premium

2. Sold 1 Jan 21 $17.50 put for $2.52 premimum

I think that once the merger goes through the stock is going to explode similar to $DKNG once it merged and I wanted to give...

myself some time plus the call expires on my birthday, so good omen 👍🏻 By rational for selling the put was even if the stock drops after the merger I don’t mind getting assigned more shares at 17.50 and took in a pretty nice premium which I will get to keep if $FEAC soars 🚀

Well this concludes Episode 1 of the 3K challenge! Feel free to follow if you feel like keeping up with the progress and comment or DM me with any thoughts on how to make this better or trade ideas. I need all the help I can get.