### Comment:
Yeah, i get that. Maybe he also love owning share, but he was so confident that it will be up $400 at that time. I just think doing a $300/400 call spread or even $350/400 spread is much better. much lower margin. $30000 capital tied up compare to about $2K call spread.

### REPLY:
There is no such thing as a free lunch. All these different ways of packaging the bet just change levels of risk/reward.

### END.