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Message: Re: Call Options
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Jun 23, 2023 07:38AM

"Correct me if I'm wrong but isn't buying calls a bullish sign and in this case the purchaser is expecting the price to go above $5.80 ?"

Yes buying and holding those options would be a bullish position.  

But there is someone else on the other side of that trade, that person is the option writer and their expectation is that the options will expire worthless and they pocket the premium if they are right.  


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