⚠️ Another “lucky” trade from Capitol Hill ?

Congresswoman April Delaney just disclosed two biotech buys:

✔️ $30K in Labcorp ($LH) — parent company of Covance, which develops animal medicines and biotech products

✔️ $15K in Bio-Techne ($TECH) — a diagnostics firm for both human and animal testing

And the interesting part? She sits on the House Agriculture Committee and its Research and Biotech Subcommittee.

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❓ What Is a Call Option

A call option is a type of financial contract that gives you the right (but not the obligation) to buy a stock at a specific price before a certain date. Think of it as reserving a stock at today’s price in case it goes up later.

📊 The basics

Each stock option contract usually covers 100 shares. So if a call option is priced at $2, it actually costs $200 total ($2 × 100 shares). The only time this changes is if the company’s stock splits or reverse splits.

When you buy a call option, you are not required to keep it until it expires. You can sell it earlier if the price moves in your favor.

💵 How traders make money

A call option gains value when the underlying stock price goes up. The more it rises above your chosen strike price (the agreed buying price), the more valuable your option becomes.

If you expect a stock to rise soon, buying a call option lets you benefit from that move with less money upfront than buying the stock itself.

🕯 Buying vs selling

📈 The buyer of a call option pays for the right to buy the stock later.

📉 The seller of a call option collects that payment and is agreeing to sell the stock if the buyer decides to exercise the contract.

If the seller already owns the stock, this is called a covered call, which is a popular way to earn extra income on shares you already hold.

⏳ Time and value

An option’s price changes for several reasons:

🟢 Delta shows how much the option price moves when the stock moves $1.

🟢 Gamma shows how quickly Delta itself changes as the stock moves.

🟢 Theta is time decay — every day closer to expiration slightly reduces the option’s value.

🟢 Vega shows how changes in market volatility affect the option price.

⚖️ The bigger picture

Call options are not traditional investments. They are short-term bets on price movement. They can help you:

✔️Create leverage with small capital

✔️Earn income on stocks you already own

✔️Manage or hedge portfolio exposure

But they can also expire worthless if the stock doesn’t move as expected. That’s why traders treat them as tools, not guarantees.

In simple terms, a call option is a flexible way to bet on a stock going up without buying it outright. You just need to understand the timing, cost, and risk that come with it.

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