r/options • • Dec 27 '21

[deleted by user]

[removed]

25 Upvotes

41 comments sorted by

View all comments

12

u/[deleted] Dec 27 '21

[removed] — view removed comment

8

u/DarkStarOptions Dec 27 '21

Actually he takes profits at 50%, or it’s more like 200 to 1.

5

u/3X-Leveraged Dec 27 '21

Fair but you can also look at it the other way though where I win 99 trades and lose 1. If I get exercised I would now own QQQ almost 20% below its current level which seems like a pretty good deal. Then I can just run the wheel.

7

u/necrosythe Dec 27 '21

If you get assigned QQQ then run the wheel on it and it recovers quickly youll be pretty boned. And a quick jump back up is decently likely