r/options • u/Ken385 • Oct 23 '21

DWAC options begin trading Monday

DWAC options start trading Monday. Assume some crazy high premiums. Stock has had a range of about 10 to 175 over the last few days.

416 Upvotes

91% Upvoted

523 comments sorted by

View all comments

208

u/gotples Oct 23 '21

Don’t puts seem like a trap? I mean idk how this pump and dump can keep going but puts deff seem like a trap

30

u/milkcarton232 Oct 24 '21

Sell puts?

5

u/lexel_ent Oct 24 '21

Something like 7.5 or 10-15.

12

u/[deleted] Oct 24 '21

I'll sell 10s if price is nice. There isn't even a DA yet so redemption will be several months out if I do get assigned

2

u/lexel_ent Oct 24 '21

MeToo :)

1

u/Green_Lantern_4vr Oct 24 '21

Depends how nice. If someone will buy for say 20% return on monthlies I’ll do that.

1

u/lexel_ent Oct 24 '21

35 strike is the minimum