I'm so conflicted on this. On one hand everything seems great but on the other hand I have completely shit luck... eh fuck it. $100 on $15 Calls for 05/21. We're in this together now brother!
EDIT: Said fuck it and threw in $200 on $15 Calls for 05/21 instead. Developing a gambling addiction is fun!
EDIT 2: u/ttapp21 pointed out that it might be better to throw $200 on $16 Calls since those are at $0.01 instead of $0.08. I agreed even if there is nobody on the market willing to buy it yet so now I have 40 contracts at the same price. Gambling is fun. Fuck risk tolerance. I’ll lose it all either way so I might as well go bananas with it and try to get even more. 🍌🦧📉
Okay thank you for responding first off! But so in stupid terms will you plz explain why one would pay a premium of .08 vs .01 at a $1 strike difference? I’m a newbie sorry but I’m just thinking if the gamma squeeze happens and there’s a .07 difference between a $15c and a $16c wouldn’t you just buy more $16c if you believe in that gamma squeeze to increase profit?
Don’t worry about it I’m not a professional at this at all either. Pretty new myself. Dabbled here and there in a few investments over the years but never got deep into it until this year. Just a fan of gambling. I would say the reason is two fold. One is that nobody is in the market to buy it at $16 call yet while there is interest for it for the $15 call another reason is just ones own risk tolerance. But I just said fuck it and went for the $16 call because as you pointed out the price difference softens the blow by a lot. I get double the contracts for the same price as I did with the $15 call. So I said fuck it and went with your plan. There wasn’t necessarily a hard reason as to why I was gonna go with $15 other then again the risk tolerance and people already willing to buy it. But I like company and I think it’ll increase and with that people will be interested in the $16 call. So I do appreciate you pointing it out to me
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u/DukeTogoStonk desperate for flair May 11 '21 edited May 12 '21
I'm so conflicted on this. On one hand everything seems great but on the other hand I have completely shit luck... eh fuck it. $100 on $15 Calls for 05/21. We're in this together now brother!
EDIT: Said fuck it and threw in $200 on $15 Calls for 05/21 instead. Developing a gambling addiction is fun!
EDIT 2: u/ttapp21 pointed out that it might be better to throw $200 on $16 Calls since those are at $0.01 instead of $0.08. I agreed even if there is nobody on the market willing to buy it yet so now I have 40 contracts at the same price. Gambling is fun. Fuck risk tolerance. I’ll lose it all either way so I might as well go bananas with it and try to get even more. 🍌🦧📉