Recently, another hobby has appeared. Due to the fact that, in my opinion, there is still time before the start of the global bear market, примерно около года, then it would be nice to open a small mini-portfolio of long-term positions for ten months. Поэтому изредка пытаюсь купить понравившиеся компании в виде кол опционов глубоко в деньгах с дельтой не менее 100%. That is, it turns out, as it were, the same as stocks for only half the price.. For example, to buy on 1000 dollars stock xxx, надо заплатить 1000 Dollars. But if you buy the equivalent in the form of a call option with a breakeven at today's stock price, that is, with delta 100% and due date next January, will have to pay about 500 Dollars. I.e, in this case, theta does not care at all and if the price does not move anywhere within this period, then after expiration we just get zero result. In the sense that the option does not `` break up '', utterly. :)
But it is not always possible to buy because such distant strikes are illiquid and rarely there is even one deal a day.. Although, if you put the limiter closer to the middle price, sometimes you can buy. Here, for example, recently bought CIE, PNRA, ALXN, ANSS. Now I'm trying to buy MKC, AVD.
