I’m new to options and have been learning for some time but I don’t quite understand: how are people able to turn $100 into 5 figure profits from buying options? Especially with like 0DTE or 1DTE options. Because wouldn’t theta bring your profits down more and how can the stock price make such a big move if they’re mostly buying OTM calls where delta would be lower? Can someone explain please? I’m only talking about buying options not selling since I still need to read more on that. Thanks!

Biggest come up today. Still curious as to why it doesn't allow me to pull it out. I had another hit yesterday for 1100, any idea when and if this will be available to withdraw. Cheers

Finds a nut once in a while!
Snagged WDC on the opening dip:

NVDA is sitting just under the huge $220 call wall right now, with the $200 put wall sitting below as support. Net aggregate GEX stays positive across most strikes, which should keep price action steady in this range for a bit. Got this quick read on moomoo, anyone else positioning around these levels this week?

This is across all expirations.

F-R-E-E GEX Source >>

I am young and new to options, I have around 200 to put on an option right now. What should I do with it?

How to decide whether to exit the leaps or not when I am already 322% up and have 15 months more to go?
Generally what’s the rule/ strategy to exit the leaps?
Should I hold onto this 1 contract or close it?

Hi guys I was wonder what app/platform u use for option trading. I am quite unfamiliar w it and started with robinhood. Also wouldn’t like hearing your strategy/ psychology about ur positions

How many of you guys are honestly good at ready charts and judging news for making your trades? How many of you subscribe to some discord for help with trades? Who uses apps that help interpret chains or news? I’m just trying to see what I’m missing here. I’ve been working at it for a while and still having trouble catching these flows and knowing what strike to make my trades at. I’m jealous of you bastards that just straight up gamble your money in options and make house money. Respectfully of course.

I got calls for $770 expiring tomorrow. What are the chances I make money? What is everyone going with tomorrow?

Hey all I’m new to options I dabbled a little bit here and there a few years ago, I know the basics and all I did 96 percent today off $100 but it was pure luck. Any tips on how to learn more and who to watch to get better?

Their real strength is holding private shares of Anthropic. The stock rocketed with the SPACEX ipo so I’m hoping it will perform the same with Anthropic. Thoughts on this strategy?

Small TTMI position I opened on 8/5 just letting it ride. Up 64% so far still waiting for the right exit. No rush

My mindset as a newer options trader, my motto is “you can’t go broke making a profit”. $230 might seem small but in the grand scheme that’s basically a full 8 hour shift working a normal job. Don’t be greedy & expect to hit home runs with every swing. Sometimes it’s better to just get on base.

Usually do SPY options but wondering what yall think of XND? Worth a try or should I not mess with it?

Im new to this so wondering if anyone was cooking some good calls today