Why I don't go long options

Discussion in 'Options' started by wxytrader, Apr 19, 2024.

  1. taowave

    taowave

    Looks like WX is getting snoozed


     
    #11     Apr 19, 2024
  2. deaddog

    deaddog

     
    #12     Apr 19, 2024
    ironchef likes this.


  3. Titles like this I think project to everyone (Why I'm a one-trick pony). That's great, but at the poker table everyone else is going to exploit you until you wake up one day and realize, I am the sucker at the table.

    It also reminds me of all these millennial youtubers who insist they found this magical money making glitch where you just short options and make stupid amounts of money forever because (time is on your side).

    In every single case I've witnessed, once their 'real' brokerage statements are released (often by subpoena), they are never even in the black. Funny why that is...
     
    #13     Apr 20, 2024
  4. wxytrader

    wxytrader

    I'm sorry how many (2008) Lambos do you have?
     
    #14     Apr 21, 2024
  5. wxytrader

    wxytrader

    upload_2024-4-21_7-20-53.png

    Another example. 195 by apr24 with an ATR of 2.41 would require an immediate move in that direction. It is by no means a guarantee. EVEN if you are right about the direction, and the 195 target you are still out -$1117.83 @ expiry!
     
    #15     Apr 21, 2024
  6. ironchef

    ironchef

    None I bet, but have you seen his 2024 Lambo? :D
     
    #16     Apr 21, 2024
    wxytrader likes this.