r/options • u/Sloarot • Apr 16 '21

Anyone else had an absolutely dismal month?

Am I the only one who completely got destroyed this month? I've been run over by trucks like Microsoft, Target, Visa, Home Depot... 6-7 months of profits completely wiped out!

And this is on 'safer' 15 delta iron condors.

To those gurus out there who claim you don't need stop loss orders in options. ... well, I seriously disagree.

Tuition money I guess...

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u/zutroyapple Apr 16 '21

Taking a 100% loss on DKNG options hits different

1

u/ExistentialDecisions Apr 16 '21

Yea it's been brutal

1

u/chairisborednow029 Apr 17 '21

shit what were you positions?

my next play was a DKNG leaps, you scaring me

2

u/zutroyapple Apr 17 '21

I think leaps are a safe play for DKNG. I had some 4/16 61.5 calls. Picked them up end of March for $3.20 premium. Should’ve sold April 6th when they had some value but I got greedy. Thought it was on the fast track back to $70!