Submitted by rocket_man19 t3_117eici in wallstreetbets
The_Punicorn t1_j9gzvm0 wrote
Reply to comment by Far_Introduction527 in Just want to get to the carvana earnings s*** show by rocket_man19
If your bet is it won't move that much, selling CSPs would let you take advantage of the premium. But your fucked if it does move.
Far_Introduction527 t1_j9h0bz4 wrote
Yeah writing options is like shorting. Limited upside unlimited downside. I don't write em.
The_Punicorn t1_j9h0uh1 wrote
Only selling Naked Calls have unlimited potential loss, and selling those is pure fucking greed. Your losses should be capped on any of the other writes.
Far_Introduction527 t1_j9h1gqx wrote
True. But still limited upside lol.
This is WSB. Not for pussies hahahah. Jk
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