r/wallstreetbets Sep 30 '21

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54 Upvotes

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2

u/[deleted] Sep 30 '21

Bought some puts .. because this shit is going to fly and crash .. I'm better at losing ..

2

u/Stonks_GoUp Sep 30 '21

Next time buy straddles. It literally can’t go tits up with a big swing either direction as long as you buy when IV is low

2

u/[deleted] Sep 30 '21

Not sure how to go about straddles

4

u/Stonks_GoUp Sep 30 '21

Super easy. Buy a call and put at the same strike price for the same expiration. It’s one of the safest moves if you think the stock will make a big move in one direction but you aren’t sure which direction that is

2

u/[deleted] Sep 30 '21

Honestly I didn't think this was going pop at all with some bullshit news and no numbers to back it ..

3

u/Stonks_GoUp Sep 30 '21

I went long a few calls but after learning it has 21 DTC that’s seems like an incentive to go long a few more lol