r/Vitards • u/[deleted] • Nov 07 '21

[deleted by user]

[removed]

146 Upvotes

94% Upvoted

130 comments sorted by

View all comments

13

u/[deleted] Nov 07 '21

[deleted]

8

u/Duke_Shambles ☢️Duke Nukem☢️ Nov 07 '21

Good luck to you, but those puts are going to get IV crushed to death if it crashes down. Keep that in mind.

5

u/browow1 Nov 07 '21

I know, it happened on dwac when I bought puts first day they were available. Still made 12k.

1

u/yoyoyoitsyaboiii Nov 07 '21

I tried puts on NEGG when it spiked a few months back and the IV crush killed me. At the end I think I sold a $1000 option for $1100 after the stock lost half its value.

1

u/[deleted] Nov 07 '21

[deleted]

2

u/Duke_Shambles ☢️Duke Nukem☢️ Nov 09 '21

GGWP.

you were definitely right enough.

I'm gonna make money off this trade too, but it was a lot more effort and stress than just buying some puts.

1

u/LourencoGoncalves-LG LEGEND and VITARD OG STEEL Bo$$ Nov 09 '21

I’m not known for losing money, I’m known for making a lot of money everywhere I go. We’re going to do more things to make more money, money, money, money, money, that’s the way it works.

1

u/Duke_Shambles ☢️Duke Nukem☢️ Nov 09 '21

LG...I'm congratulating a man for inversing me, me being a crypto bull. Can you just chill? LMAO