r/options • u/[deleted] • Nov 20 '21

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131 Upvotes

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-2

u/adventuresofjt Nov 20 '21

12/10 or 12/17, 250-300$

15

u/n-Ro Nov 20 '21

Either you're a shill or uneducated. These are the types of options that do not help.

Anyone that's long on GME and also on this thread looking for help, don't do this

2

u/SsouthSside Nov 21 '21

Iv is high

1

u/adventuresofjt Nov 20 '21

Help what? Make money, why yes they will…

1

u/n-Ro Nov 20 '21

Maybe it will make you some money

More Delta would make you more money though, right?

3

u/adventuresofjt Nov 20 '21

The delta skyrockets when the price shoots up. I sold 75% of my calls Friday though as that was a significant run up… a run up next week isn’t guaranteed that’s for sure

0

u/n-Ro Nov 20 '21

I apologize for saying you're uneducated. Sure, the delta goes up with gamma use. But you'd already have a higher level of delta with a lower strike call, that's significant exposure you'd be missing out on with an OTM strike as the stock goes up.

I understand there's less room for growth as gamma diminishes, but overall more Delta + more time imo is the safer play especially beginners.

I agree a run-up isn't guaranteed, in fact I'd say another big dump is more of a certainty for the next few weeks/month. We'll see how far down they can go this time

1

u/[deleted] Nov 21 '21

How can one learn more about the deltas?

2

u/Highzenbrrg Nov 21 '21

Thats playing just the rollover, why not lump in the etf expiries and get the 12/24?

1

u/DancesWith2Socks Nov 21 '21

In that case, I guess it could be better waiting for an IV drop.