I wanted to try this challenge to prove that one does not need a huge capital outlay to trade options. Also, I can afford the loss by keeping the capital to a small amount, even if it is a 100% loss.
I started this challenge and bought 2 LEAPS CALL options using this account.
Details are as follows:
1 x Robinhood LEAPS CALL Contract ($1180)
BOUGHT 1 HOOD Jan15’27 42 CALL @ 11.8
1 x Rocketlab LEAPS CALL Contract ($678)
BOUGHT 1 RKLB Jan15’27 20 CALL @ 6.78
Total capital: $1180 + $678 = $1858
The reason for buying options on these two companies is because I believe they can have a huge jump in share price if the market rebounds suddenly. And the market had a dead cat bounce on 9 April when the tariffs were paused for 90 days.
They are slightly OTM and there is a chance that they may become ITM call options if the underlying share prices continue to rise. When that happens, the premium will increase by a considerable amount.
I will be updating on the performance for this 2K Challenge account but for real-time buy and sell trade alerts for this account, you may refer to my Patreon page, where I will be updating my trades on the day itself.
Click here to access my Patreon Page
Concluding Thoughts
I hope to grow this portfolio over time as it would mean that the options strategy that I used are working and that most of my capital comes from my profits. If you would like to find out how this portfolio is doing, do subscribe to my blog or follow me on Patreon. I wish you all the best in everything you do.
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The Newbie’s Guide To Options Trading
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