Ubitag said:

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texagbeliever said:

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Spend $250 on a 7.50 call option? Downside is a $250 loss while upside is much higher.

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I will try it.

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Check the premium and dont chase it on the open.

LK is up 11% or so this morning and $7/8 may be too close of a strike. Depending on where you see it going could be a good lotto play witha higher strike or safer closer to the money. Not sure I see much value in an oct call. So maybe keep it shorter too? Those are my thoughts on it. I'm not planning on getting any more cash on this one.

Depends on how long term of a hold this is and your risk tolerance.

I think buying some call options and paying for that premium by selling shares for a gain so you are net free on the options makes alot of sense to me. Take some downside off but add upside for a big swing.

change my advice get out to certainly at least pull back on LK position. China replaced their chairman for Fraud.

Investors Underground referred to luckin as a trading vehicle not a coffee company. I think we was looking for it to keep climbing while buying puts or shorting the stock (I wasn't fully following).

That sounds like a good strategy to me but for the foreseeable future my take on all Chinese stocks is avoid and all companies that lie or practice malfeasance is to permanently avoid and this company is a combination of both.

Too many other stocks out there that this one is not worth the risk for me. I

I'm out. What a crazy stock. I can't handle it getting halted every morning and not knowing if it's for 5 minutes or 5 months

Uhhhh not a good day for LK

At $ 9.70

https://seekingalpha.com/news/4038525-coffee-wars-luckin-coffee-outsells-starbucks-in-china