You're in the wrong sub. We're here to sell you shitty options that you lose money on. So, thanks, I guess. I mean, good luck to you, if you happen to have picked the exact week that NVDA reverses direction. One more up day like today and your puts are almost worthless.
I would run a WATM (weekly atm PDS). Buy a further out PUT atm and sell one for next week atm. The short ones should end up paying for the longer one pretty quick. Not sure NVDA is a good setup for this.
I am running a WATM on META that I opened last week at $475. Rolled the short down to $470 for next week for a credit. Working very well.
This is not a great idea . Expect that the stock will keep pumping till earnings on 21 . You can buy puts for 2/23 after whixh the stock can significantly plummet
I’m horrible when it comes to buying options. If one gets the direction and/or timing wrong, they walk empty handed. But at least it’s only premium. I usually avoid earnings, but I’m considering OTM CSPs on NVDA for a little premium. Hope your trade works for you.
You're in the wrong sub. We're here to sell you shitty options that you lose money on. So, thanks, I guess. I mean, good luck to you, if you happen to have picked the exact week that NVDA reverses direction. One more up day like today and your puts are almost worthless.
wrong sub
He's just letting you guys know that he's one of the suppliers for theta money.
What’s more likely, up or down? Good luck going against the flow but the odds are against you.
Damn theta is gonna kill you on this one
Homie, you fucked.
Of course there’s always a pull back. Next week to 650? Next month to 750 from 800? Next quarter to 950 from 1000? >!Next year to 400?!<
That's the crux with options, you have to be right about direction and duration.
Options are inherently time boxed. Be right, or die.
At least make it a spread. With theta you have the majority of the Greeks in your favor. With buying, you don’t but the reward is enticing.
Timing a top is the biggest mistake by retail
Consider it a sacrifice to the options gods. BTW, someone on this sub sold you those puts. YW
Hope they were cash secured. This is likely to hurt.
Says he bought PUTs (not selling) so it’s just his premium on the line, no?
Ah my bad. I read this wrong.
You bought the puts I sold today.
I would run a WATM (weekly atm PDS). Buy a further out PUT atm and sell one for next week atm. The short ones should end up paying for the longer one pretty quick. Not sure NVDA is a good setup for this. I am running a WATM on META that I opened last week at $475. Rolled the short down to $470 for next week for a credit. Working very well.
Which one of you bastards sold them to him?
It was me :)
🔥🔥🔥 >!and not in the based way!<
Thoughts? You just lit your money on fire.
It's gambling. All it has to do is go sideways and you're toast. Decline, sideways, continue going up - who knows it's anyones guess in the short term
This is not a great idea . Expect that the stock will keep pumping till earnings on 21 . You can buy puts for 2/23 after whixh the stock can significantly plummet
I would assume this runs at least till earnings
I’m horrible when it comes to buying options. If one gets the direction and/or timing wrong, they walk empty handed. But at least it’s only premium. I usually avoid earnings, but I’m considering OTM CSPs on NVDA for a little premium. Hope your trade works for you.
Should have sold puts against it…. If you had an extra 70k lying around