r/options
Call options too expensive?
OP has $1.6k for options, finds ATM calls too expensive, and asks for advice on IBM, SMCI, NVDA, or ANET ahead of earnings.
- IBM's quantum computing initiatives present a bullish catalyst.
- SMCI's recent heavy sell-off could present a short-term bounce opportunity.
- Options premiums are currently too expensive for the OP's budget.
- SMCI is fundamentally disliked by the OP despite the technical bounce potential.
I got about 1.6 k Left in my option wallet (where i put money I’m willing to loose). I would like to buy a call ATM, but they all seem pretty expensive. I’m looking at the expectation in August, after earnings, but since these are more expansive I might buy the calls expiring in about 44 days. I was thinking of IBM, SMCI, NVDA, or ANET. I feel like IBM is a good company and the Quantum incentive are a bullish sign. SMCI got destroyed and we might see a little comeback, even if I don’t like the company. NVDA would be a great buy as a stock, not sure about the option. ANET I like, but we would need new ATH to make it worth it. Please let me know if you have a cheap call on your radar that might be interesting! Or if you have any feedback at all, as you can notice, I don’t have a clear idea on how to proceed.