I told a guy how to make 100% day trading options and I doubt he believes me — 5/18/2023 update
They say buying options is a “fool’s game.” So let’s say right off — they are wrong about that. The market and its stocks either go up or they go down. It’s amazing how hard it is to recognize that simplicity.
Back to when this simple strategy first went public — posted on September 26th, 2021.
Today’s examples (more below the Reddit thread below):
5/18/2023 — During the day…
(The white flag on the chart’s right axis shows the current dollars/percentage gain for each $1,000 traded. The green flags show the closed trades. Click on the chart for a larger view.)
This started the Reddit thread on September 26th, 2021:
I’m looking for an explanation where a specific TSLA call option (and a few others OTM) dropped about 9% in value in just 2 minutes when the the underlying was actually going up.
A long discussion of the Greeks effect on options’ premiums in relation to the underlying stock (in this case, TSLA) including the usual…