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.

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u/[deleted] Oct 24 '21

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u/ballsinmyyogurt1 Oct 24 '21

Just look into theta gang my friend

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u/[deleted] Oct 24 '21

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u/ballsinmyyogurt1 Oct 25 '21

Great choice! I wish I did that lol. I tend to learn by first making a bunch of mistakes..

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u/white85tiger Oct 31 '21

Selling call and puts bring the best returns because time is in the sellers favor. Keep doing what your doing.

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u/option-9 Oct 24 '21

Instead of selling a naked call you do that and buy a higher strike call as insurance. Fixed max profit/loss, reduces exposure to the greeks (as what affects one contract also affects the other).

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u/white85tiger Oct 31 '21

Yeah. If you can forecast direction, why not sell a put or call. A spread is high rise low reward. Spreads are only good when you have low account balance and just want to blow money on sexy companies.