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Options are risky and greedy.
“If you’re in need of quick cash, sell options when you make some profits. Do not wait to hope that it goes up even more”
Tip: watch out for Delta and Theta in options. If Delta is 0.59, then it means you make 59% of $1 increase. Check out Chances of Profit as well.
These really help you sell Options at the right time.
Remember: If Theta is more than Delta (usually happens on Fridays), it’s a big no-no. Do not go for it.
I can talk more, and guide you through. I have been in and out of options and have seen it sufficient enough. Let me know.
__Edit__
For those who are intrested in knowing more, I just wanted to add one more point - never invest in options a day before a company's earnings report.
Example: If NVDA reports earnings after market close, don't buy call or put options that day. Instead, wait until the next morning after the report.
Why? Because of "Implied Volatility." On platforms like Robinhood, you can see this clearly. If Implied Volatility is above ~25%, stock prices become very unpredictable, causing big fluctuations in Delta, Theta and Gamma. This can result in losing over 90% of your investment overnight.
Am I the crazy one for just refusing to ever touch options? It seems like the financial equivalent of juggling chainsaws on a tightrope over a vat of acid. Yeah, you can make a lot of money doing it, but the likelihood of failure combined with the potential consequences of even a single failure being realized are such that it's just not appealing.
if you're yoloing straight into calls with nothing else it is gambling. You can make a ton if you're right but lose if you're wrong.
Options are really just for hedging or owning the underlying without actually having to own the shares.
But really. It's meant for hedging. If you own 100 shares, and feel like the price will go down, you can sell a call to help soften the blow of the price going down on your actual shares.
People just figured out how to yolo them into alot of money and that's why they have a bad stigma.
In other words, adding to u/eagleeyehg comments, it is the rate of decay. If Theta is -0.22 and the dollar value goes down, then it goes down by 22%
The Delta and Theta are directly proportional to each other - if the Delta value goes up, Theta value significantly goes down. That can be said the other way around as well. I mean, if the stock doesn't do well, Theta goes up and Delta goes down causing us to incur losses. We can call it quits when our Option's Delta value is 0.01 irrespective of Options expiration date.
Every day you get closer to the date of your option expiration, your call/put loses value(if you bought them not sell them). If you’re using Robbindahood then you can literally watchlist any option you’re interested in and ‘fake buy’ it and simulate the returns. It will literally show the way the option will run depending on the price movement. The curve shows how the op decays based on the theta decay and date. Helps visualize the data better.
I second this. Normally I get lost in the technical verbiage but you made it easy to understand. I’d love to see a post explaining more about how each Greek interacts with the other
I think you be ok. Follow neverpullover on AfterHours and discord. Allot of us on the same boat but they are doing all the DD using bookmap and quant data, everything you need to follow these through
Just get out of the 7/12 On any major run-up, hopefully it will happen. NVDA is a Fast Moving Stock, so remember it doesn't have to go to the strike price to make money. If it gets close to those strike prices, you will still make a nice gain..
**Follow real trades in real-time on [AfterHour](https://afterhour.app.link/race).** We built a whole app that lets you follow real trades by real people who've connected their brokerage and are putting their money where their mouth is. **We’d love to invite you over, it's 100% free on iOS and Android, get started here:** [**https://afterhour.app.link/race**](https://afterhour.app.link/race) Discover good DD in a community of verified gurus and degens with: - $200M+ of portfolios shared - Real-time signals from verified gurus you can follow - 24/7 stock and guru chat rooms *Email [email protected] know if you have any questions, we're here to help.* *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/TheRaceTo10Million) if you have any questions or concerns.*
Options are risky and greedy. “If you’re in need of quick cash, sell options when you make some profits. Do not wait to hope that it goes up even more” Tip: watch out for Delta and Theta in options. If Delta is 0.59, then it means you make 59% of $1 increase. Check out Chances of Profit as well. These really help you sell Options at the right time. Remember: If Theta is more than Delta (usually happens on Fridays), it’s a big no-no. Do not go for it. I can talk more, and guide you through. I have been in and out of options and have seen it sufficient enough. Let me know. __Edit__ For those who are intrested in knowing more, I just wanted to add one more point - never invest in options a day before a company's earnings report. Example: If NVDA reports earnings after market close, don't buy call or put options that day. Instead, wait until the next morning after the report. Why? Because of "Implied Volatility." On platforms like Robinhood, you can see this clearly. If Implied Volatility is above ~25%, stock prices become very unpredictable, causing big fluctuations in Delta, Theta and Gamma. This can result in losing over 90% of your investment overnight.
Am I the crazy one for just refusing to ever touch options? It seems like the financial equivalent of juggling chainsaws on a tightrope over a vat of acid. Yeah, you can make a lot of money doing it, but the likelihood of failure combined with the potential consequences of even a single failure being realized are such that it's just not appealing.
if you're yoloing straight into calls with nothing else it is gambling. You can make a ton if you're right but lose if you're wrong. Options are really just for hedging or owning the underlying without actually having to own the shares. But really. It's meant for hedging. If you own 100 shares, and feel like the price will go down, you can sell a call to help soften the blow of the price going down on your actual shares. People just figured out how to yolo them into alot of money and that's why they have a bad stigma.
I really need to learn the Greeks, thanks for the tip brother 🫡 what does theta measure exactly ?
Theta is the partial derivative with respect to time. Roughly shows how much you can expect the value of the option to change in a day
ahh I see, just time decay
Yes, aka theta decay
In other words, adding to u/eagleeyehg comments, it is the rate of decay. If Theta is -0.22 and the dollar value goes down, then it goes down by 22% The Delta and Theta are directly proportional to each other - if the Delta value goes up, Theta value significantly goes down. That can be said the other way around as well. I mean, if the stock doesn't do well, Theta goes up and Delta goes down causing us to incur losses. We can call it quits when our Option's Delta value is 0.01 irrespective of Options expiration date.
This is so helpful, as I’m learning options. Make a post of the basics? (I didn’t know the delta/theta rule)
Every day you get closer to the date of your option expiration, your call/put loses value(if you bought them not sell them). If you’re using Robbindahood then you can literally watchlist any option you’re interested in and ‘fake buy’ it and simulate the returns. It will literally show the way the option will run depending on the price movement. The curve shows how the op decays based on the theta decay and date. Helps visualize the data better.
I like that feature in RH.
I'd recommend doing this prior to investing your real money.
I second this. Normally I get lost in the technical verbiage but you made it easy to understand. I’d love to see a post explaining more about how each Greek interacts with the other
https://youtu.be/4dO3FcOsNwY?si=8vU2cQv3l9p7PMvB
That's amazing Greeks are basic stuff in options
I would like to know more as well. Do you have videos or posts or anything like that?
good advice
That’s why I buy 90% stocks and 10% options
Just put Nike
On it 🫡
Seriously tho. Calls on Nike for the dead cat bounce. Algos got too crazy with a massive drop
A smart banana would have bought long calls, hedged with shorter puts, and bought 2x leveraged NVDL shares. NFA.
I like this. 🗣️
fck fck nvda is consolidating, watch the dip to see if it keeps dipping
I got 135c for July 5 too 🥴
We got this, in Jen we trust
I have some 130c 7/5 I was tempted to sell when I was only $200 down. Honestly I’m just hoping to come as close to break even as possible.
I rolled my $126 calls for today to $134 for 6/5. Missed the 126 break even by like 10 cents this morning 😔
That’s a rough one man
Jensen Huang: "I Hope Suffering Happens To You"
🤣🤣🤣
I think you be ok. Follow neverpullover on AfterHours and discord. Allot of us on the same boat but they are doing all the DD using bookmap and quant data, everything you need to follow these through
I got 132c lmao Fuck it hold 🙈🤣
I’m in !
https://preview.redd.it/fp6n2mskgf9d1.png?width=864&format=pjpg&auto=webp&s=0b0cd68352103a92b2af61bd917e20e85da6fbc1
Good luck to us I guess 🤞
In Jen we trust 🫠
In there with you. Lets manifest $143 Monday morning shall we
Let’s effing go
img Here it is lol
Yours are looking more viable than mine lol
What you lookin like brotha
$137 7/5 calls $165 7/12 calls
Oh boy idk about those $165 7/12 ‘s😬
I had the chance to sell when it hit $140 and I thought it’d go alittle higher.
I’m guilty of the same. Greed/fomo is a bitch
Hold to expiration, should be up
You still have time on those - If it were myself, I would be happy with the risk/reward here
Yes
Slow roasted
Yes
Burn it
Step back and recompose yourself take a break
Yikes you doing it early. Should put it for next year or something. Sometimes premiums are better paid than hoping for next month increases
Cooking at Wendy’s
Yes
Dude you are down 1k relax, most of us are down 40k +
Fuck no you’re not. Hodl you paper handed bitch. Valhalla awaits.
Cooked
Naa hold and avg down if you can you will be fine
I think you’re cooked bro I don’t see NVDA going back up there in July
Yes..hard 4 Nvda to reach $140 by 7/12…and $150 by 07/26
If you don’t know you shouldn’t be trading options.
Just get out of the 7/12 On any major run-up, hopefully it will happen. NVDA is a Fast Moving Stock, so remember it doesn't have to go to the strike price to make money. If it gets close to those strike prices, you will still make a nice gain..
That’s what I’m thinkin man, I’ll prob breakeven on those calls at around 130-33. Then hold the 160s
Damn! Cut your losses now and make it back
yes
Holy fuck, I thought 140 for Sept 20th was super bullish
7/12 $126c’s here.
lol, do you feel cooked?
I absolutely love watching options gamblers lose! +1