Buy FIG LEAP

This is our fourth LEAP Trade since we have redefined the process.

Today we are buying a LEAP in Figma (FIG) that we could argue could be a $40 stock or $0. Time will tell but right now it looks to be going to $40.

Shorts are in this name as you can see above in the chart.

Adobe (ADBE) tried to buy Figma but was shot down by the Feds. Now the debate is how AI impacts the stock. Hence, the extreme prices possible in the future.

Citigroup loves the stock and has a $40 price.

We will buy the January 21,2028  $22.50 Call for $10.83 which is the difference between the bid at $9.90 and the offer at $11.75. There are 559 Calls in Open Interest.