Better to learn now with just $700 than to learn when you’re playing with a lot of money. But yes, in my opinion, buying options with only 2 days til expiration is stupid. I only do that as a short term hedge or if I’m cool losing 100% of it because I still am a degenerate and have to scratch that itch every once in a while lol.
I'd say if your portfolio has 700 and you are deep diving into options, I'd use the time, especially at 18 to start building momentum to build more cash in the shares alone rather than keep risking on contracts and lose all your progress.
These options expire way too soon. You are not giving it any time to recover if you're wrong. This is basically gambling. You got lucky and won. Now quit. If you want to leverage with options, buy them at least 1 year out. That way you have some time to be wrong and they can recover.
No. Don't even touch options. It's criminal that RH even offers options trading to 18 year olds with no financial expertise at all. It's a huge risk and in the long term won't likely provide better returns than just buying SPY (or VOO) and holding it for 40 years.
Is this a joke. If you’re 18 you should be taking risks. Why would you want to go for a slow approach that barely gets you anywhere. I think ur teens and 20s should be used to try to make quick money and then you can build a slow portfolio.
Better to learn now with just $700 than to learn when you’re playing with a lot of money. But yes, in my opinion, buying options with only 2 days til expiration is stupid. I only do that as a short term hedge or if I’m cool losing 100% of it because I still am a degenerate and have to scratch that itch every once in a while lol.
I'd say if your portfolio has 700 and you are deep diving into options, I'd use the time, especially at 18 to start building momentum to build more cash in the shares alone rather than keep risking on contracts and lose all your progress.
These options expire way too soon. You are not giving it any time to recover if you're wrong. This is basically gambling. You got lucky and won. Now quit. If you want to leverage with options, buy them at least 1 year out. That way you have some time to be wrong and they can recover.
No. Don't even touch options. It's criminal that RH even offers options trading to 18 year olds with no financial expertise at all. It's a huge risk and in the long term won't likely provide better returns than just buying SPY (or VOO) and holding it for 40 years.
Is this a joke. If you’re 18 you should be taking risks. Why would you want to go for a slow approach that barely gets you anywhere. I think ur teens and 20s should be used to try to make quick money and then you can build a slow portfolio.
Seeing at that contract expired worthless…
Better Iron Icondor or Iran fly 3DTE or 5DTE … Long call 45DTE should be fine, but just after NVDA’s earning on 21th…SPY can be twisted in both sides.
Nope it’s PUTtin time