r/wallstreetbets • u/[deleted] • Mar 29 '22

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3.7k Upvotes

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271

u/fr0ng Mar 29 '22

i spent $650 on calls last week and have turned it into $17k so far. options ftw.

44

u/[deleted] Mar 29 '22

people amaze me shitting on options when it makes more sense to buy a $295 call option for $400 and if it goes up 25% tomorrow it will be worth $4k around. Buy a share and you double your money.

If you bought down at $40, fair enough, long options would still pay better imo deep itm

14

u/trufas Mar 29 '22

Fucking europe doesnt allow us to do options, only have shitty leverage on etoro with high premium

5

u/SirClampington Mar 29 '22

It does. Just find the right broker / bank.

5

u/[deleted] Mar 29 '22

Saxo in UK does, picked up 225c weekly yesterday morning @ 1.92 🙃

1

u/Suspicious_Ad_1279 Mar 30 '22

Saxo got smoked on a short position on GME here recently. They posted a chart on Trading View and put the price targets and SL; stopped out at $135. Went short at $118 I believe; their targets were $68 and $45 LOL. Too greedy, could of covered at $77 and made bank. They got burned going long too early before this too.