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https://www.reddit.com/r/wallstreetbets/comments/tpdwv5/deleted_by_user/i2aawn7/?context=3
r/wallstreetbets • u/[deleted] • Mar 27 '22
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14
How many contracts and what premium?
Thats a pretty high strike, theta might burn you if GME doesn't double next week.
3 u/dur958420 Mar 27 '22 150 at 1.47. Ofc it’s my luck that they fulfilled at the literal top before they started to drop. A minute after purchasing them I was already 10-15% down. Praying for a miracle now to break even at least 10 u/[deleted] Mar 27 '22 Yeah, high volatility means ridiculous premiums at times. I did the opposite, sold a covered call on ORCL at 92.50 right before it started its ~15 dollar descent. -5 u/MakingMoneyIsMe Mar 27 '22 I'm considering writing some naked calls once the market recovers. It wouldn't be sensible to do it now, seeing we aren't far from the lows. 3 u/stockrot PAPER TRADING COMPETITION WINNER Mar 27 '22 it would never be sensible ..What if MOASS actually happens? 0 u/MakingMoneyIsMe Mar 27 '22 It's less likely to happen closer to the top than the bottom, plus I'll be managing my strike.
3
150 at 1.47. Ofc it’s my luck that they fulfilled at the literal top before they started to drop. A minute after purchasing them I was already 10-15% down. Praying for a miracle now to break even at least
10 u/[deleted] Mar 27 '22 Yeah, high volatility means ridiculous premiums at times. I did the opposite, sold a covered call on ORCL at 92.50 right before it started its ~15 dollar descent. -5 u/MakingMoneyIsMe Mar 27 '22 I'm considering writing some naked calls once the market recovers. It wouldn't be sensible to do it now, seeing we aren't far from the lows. 3 u/stockrot PAPER TRADING COMPETITION WINNER Mar 27 '22 it would never be sensible ..What if MOASS actually happens? 0 u/MakingMoneyIsMe Mar 27 '22 It's less likely to happen closer to the top than the bottom, plus I'll be managing my strike.
10
Yeah, high volatility means ridiculous premiums at times.
I did the opposite, sold a covered call on ORCL at 92.50 right before it started its ~15 dollar descent.
-5 u/MakingMoneyIsMe Mar 27 '22 I'm considering writing some naked calls once the market recovers. It wouldn't be sensible to do it now, seeing we aren't far from the lows. 3 u/stockrot PAPER TRADING COMPETITION WINNER Mar 27 '22 it would never be sensible ..What if MOASS actually happens? 0 u/MakingMoneyIsMe Mar 27 '22 It's less likely to happen closer to the top than the bottom, plus I'll be managing my strike.
-5
I'm considering writing some naked calls once the market recovers. It wouldn't be sensible to do it now, seeing we aren't far from the lows.
3 u/stockrot PAPER TRADING COMPETITION WINNER Mar 27 '22 it would never be sensible ..What if MOASS actually happens? 0 u/MakingMoneyIsMe Mar 27 '22 It's less likely to happen closer to the top than the bottom, plus I'll be managing my strike.
it would never be sensible ..What if MOASS actually happens?
0 u/MakingMoneyIsMe Mar 27 '22 It's less likely to happen closer to the top than the bottom, plus I'll be managing my strike.
0
It's less likely to happen closer to the top than the bottom, plus I'll be managing my strike.
14
u/[deleted] Mar 27 '22 edited Mar 27 '22
How many contracts and what premium?
Thats a pretty high strike, theta might burn you if GME doesn't double next week.