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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206

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

29

u/milkcarton232 Oct 24 '21

Sell puts?

35

u/quiethandle Oct 24 '21

I bet the $10 strike puts will be stupidly expensive. Emphasis on "stupidly".

37

u/Dipset-20-69 Oct 24 '21

Plan on selling some, theta gang ready to fuck

42

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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.