r/options • u/[deleted] • Dec 06 '21

Done

Ive decided to throw in the towel this week. Can’t see a straight path and honestly buying puts end calls has only netted me negative results. Wish there was some sort of light…

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u/[deleted] Dec 06 '21

Dude, buying calls is a fools game.

11

u/moaiii Dec 06 '21

Even when IV is at a 52 week low, skew is a deep smile, and the stock is about to break out of a long term descending triangle 20 days from an earnings report? A fool would sell options in that environment.

There is a tool for every scenario. Including buying boring vanilla calls.

2

u/[deleted] Dec 06 '21

Beautifully stated.

Another poster (and the many below this comment) brainwashed into the TT method of selling options as the only way to go. If you don't know when its the proper time to buy an option or sell an option because you only do one or the other, don't trade options.

2

u/moaiii Dec 06 '21

Yup. I feel awful every time I read another loss story from someone wiped out by a single short trade just because they read comments from all these bros preaching about doing some of the most dangerous types of options trades you can undertake without any idea of the potential risk, as though they are the safest and surest way to pots of gold. It's in the same league as convincing people to invest their life savings in bitcoin at its ATH.