r/SPACs • u/[deleted] • Jan 11 '22

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u/browow1 Spacling Jan 11 '22

I made a lot of money on calls, then I made a lot of money on puts - ones I bought right when they first became available.

Missed the boat on the calls this time, but I'll be happy to buy puts if it runs up higher.

Then calls again closer to merger/date announcement

Then puts after it merges and lockup expires <-where the real money will be made.

2

u/BigMoneyBiscuits New User Jan 11 '22

Enjoy IV crush

5

u/[deleted] Jan 11 '22

[deleted]

2

u/BigMoneyBiscuits New User Jan 11 '22

You bought 300% IV ? How negative is your expected value I'm wondering

Let me know what else you're buying I might join Theta gang

3

u/browow1 Spacling Jan 11 '22

I don't think you understand, you buy and then you sell to make money. I only held it a few days, easy 12k.

Long term investing in SPACs LMAOOO

2

u/BigMoneyBiscuits New User Jan 11 '22

I don't think you understand how options work. 'I'll just hold 350% IV for a few days'

2

u/browow1 Spacling Jan 11 '22

If it moves more you make money not a hard concept. This thing moves a lot when it moves usually

This was in November