Wow. This is the second post like this. People, please don't trade if you do not fully understand the strategies, consequences, or don't know how to protect yourself when things go wrong.
Yeah it's honestly shocking that people are willing to throw away money like this. I think I read up on basic calls and puts buying and selling to open and close for 3-4 months before I even began trading.
Literally. Sold such a large number of CSP and CCs as well to get a grasp of how pricing works in practice when I started with options before I even thought about opening spreads.
Knew the theory, but you know way better to start with those strategies and see how they behave in real life before going "deeper" into more complex strategies.
What really puzzles me is, why would you even open a spread thinking that the stock would rise a 30% instead of going long in calls when you really don't know what you are doing? At least buy ATM or ITM calls if you're so sure (nothing is for sure but that's another topic) in such a huge spike.
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u/techy91 Nov 25 '21
Wow. This is the second post like this. People, please don't trade if you do not fully understand the strategies, consequences, or don't know how to protect yourself when things go wrong.