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AlfredKinsey t1_j2c43p7 wrote

In the future: it’s easier to deal with high liquidity, low price (like literally small number), and narrow strike differences in your spread, especially when you first start. The whole point of spreads is to reduce risk, but a $900/share stock with $5 spread strikes is always going to require a lot of risks.

It’s also not a great idea to be risking 100% of your account. I only revolve about 5% of my portfolio through theta strats.

Also, don’t continue digging into a losing strategy, just loose and walk away.

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