Submitted by alexander0789 t3_z7y5pm in wallstreetbets
ORCA_OF_WALLST t1_iy9527a wrote
If it’s going to 320 you should have bought further OTM. I do believe this will pay off though.
alexander0789 OP t1_iy959f3 wrote
Yeah, I struggle with options and theta so I went less risky and just bought ATM puts instead. I know I could have gotten more but if I’m right about the target, it will 6x anyways.
BDboyJ t1_iyalm5h wrote
This is the right thinking OP. Don’t listen to degenerates.
Alternative-Season45 t1_iybz6z2 wrote
Lmao bro it will not 6x. You really think we’re gonna see spy at 320 in January? Next cpi is gonna be cool again spy is going back to 420 by January and if we do get a crash it’ll be end of q1/q2 next year. !remindme 30 days
shamwew t1_iydoiq5 wrote
Look into debit spreads, caps profit but turns theta decay in your favor
alexander0789 OP t1_iydp9jb wrote
Yeah, I’ve considered before. Thanks for the heads up.
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